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Marketplace All-in-One

Landmark settlement would change college athletics

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 24 May 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

If approved, the NCAA settlement would allow colleges to pay student athletes; business spending picks up in April, according to durable goods report; Justice Department sues to break up Live Nation, calling it a monopoly; Memorial Day travel kicks off with a major test for air travel.

Transcript

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0:00.0

A landmark legal settlement would change college athletics.

0:05.0

I'm Nova Safo with a Marketplace Minute.

0:07.0

The NCAA which governs most college athletics has agreed to an almost $3 billion settlement to resolve claims brought by students.

0:15.0

They would receive retroactive compensation if a federal judge approves the deal.

0:19.1

Going forward, it would also allow universities to share revenues for marketing and broadcast rights with student

0:24.8

athletes. After months in the doldrums, business spending on new equipment and other capital

0:29.0

goods picked up in April, according to the Commerce Department, core capital goods orders rose 3 tenths percent.

0:36.4

The Justice Department is suing to break up Live Nation, which is both a concert promoter

0:40.2

and the operator of Ticketmaster.

0:42.3

The government says it's a monopoly.

0:43.9

Live Nation says it has plenty of competition.

0:46.8

Memorial Day weekend travel kicks off today in what is forecast to be a busier air travel day

0:51.7

than the Sunday after Thanksgiving. Nearly 3 million passengers

0:55.3

are expected at airports over the entire period an estimated 44 million people will hit the

1:00.8

roads. I'm Novasafo with the Marketplace Minute.

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