NYC’s Tickets to Ride with MTA CEO; Big Ten’s Big Deal with George Pyne 8/19/22

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 19 August 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The NYC MTA is low on ridership and on revenue, but Chair and CEO Janno Lieber says he has a plan to boost both and restore trust in the safety of public transit. The Big Ten has sealed its 7 year, $7 billion TV deal, marking the biggest annual deal for any college sports league. Sports business executive George Pyne unpacks the giant payout and what it means for the league’s student players. Plus, the Bed Bath & Beyond carnage keeps coming for the company and its traders, and Starbucks has begun its restructuring. In this episode: Janno Lieber, @MTA George Pyne, @GFPyne Melissa Lee: @MelissaLeeCNBC Andrew Ross Sorkin, @andrewrsorkin Katie Kramer: @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:04.0	Hi, I'm C. M. C. C. C. C. Cramer, today on Squack Pod.
0:10.0	New Yorkers haven't gone anywhere.
0:12.0	Seriously, Big Apple subway ridership is down.
0:15.0	COVID, crime, but now commuters.
0:18.0	MTA CEO Jana Leiber on the new era for New York.
0:22.0	The MTA is not totally dependent on white-collar workers.
0:27.2	We've had people riding right through the pandemic and and three-quarters of our riders are not white collar workers who can do
0:35.0	hybrid work. Seven years, seven billion dollars in ten-ish schools. The big
0:40.4	ten's huge sports media deal making headlines.
0:43.7	Sportsbiz executive George Pine joins us.
0:46.0	College sports is content is enormously valuable.
0:49.5	The Big Ten is a big winner here.
0:52.0	Those stories today, plus Blood Bath and Beyond,
0:55.0	the latest in the Memstalk soap opera,
0:57.0	and re-evaluating retailers in the world of direct to consumer.
1:01.0	What is the reason for a footlock to exist?
1:03.6	A store that sells other brands when you can buy the brands directly these days.
1:08.9	It is Friday, August 19th.
1:10.7	Squack-P Pod begins right now.
1:13.0	Stand by in three, two, one, fuel break.
1:16.0	Good morning and welcome to Squawkbox here on
	...

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