What Happens Now That Penn Acquired Barstool Sports?

Token CEO

Lemonada Media

Business, Management

4.2 • 4K Ratings

🗓️ 23 February 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today’s episode we take another look at the Penn Entertainment x Barstool Sports acquisition. Erika, Gaz and other Barstool employees traveled to Atlantic City last week for the yearly Penn Entertainment business conference. Erika gives an inside look at Barstool Sports to the Penn employees and talks about the future of the partnership. Plus, we are also joined by Erika’s friend and executive producer of the Megyn Kelly Show,Steve Krakauer. Steve’s new book, Uncovered: How the Media Got Cozy with Power, Abandoned Its Principles, and Lost the People, is out now. Steve tells us why people have lost trust in media and what you can expect to find in his book. Enjoy! You can buy Steve's book now: https://www.amazon.com/Uncovered-Media-Abandoned-Principles-People/dp/1546003479.

You can find every episode of this show on Apple Podcasts, Spotify or YouTube. Prime Members can listen ad-free on Amazon Music. For more, visit barstool.link/tokenceo

Transcript

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0:00.0	Hey, token CEO listeners, you can find every episode on Apple podcasts, Spotify or YouTube.
0:06.9	Prime members can listen ad-free on Amazon Music.
0:11.1	Every day we have to start with a live page. We don't know what the headline is. We don't
0:15.7	know what the score is going to be. We don't know what the drama on TikTok is going to look like.
0:21.8	But every day we wake up and our entire company is based on reacting to what's happening in the world.
0:31.2	Okay, it's Thursday, February 23rd. We are still talking about the 10-actualization, which is pretty
0:37.6	interesting and pretty groundbreaking, not a lot of big M&A happening in the media space right now,
0:43.0	or really even in the sports betting space, if being honest. Hopefully that all comes back.
0:47.8	But it's Thursday, February 23rd. It's episode 261 of the token CEO podcast. I'm Erica. I'm the CEO
0:55.5	of Barstool Sports. We want to thank Omega Accounting Solutions. Omega Accounting Solutions is a
1:02.0	great partner of Barstool Sports. They know a lot about small businesses. I met about 400
1:08.8	accountants from Penn National last week. It was awesome. I love accountants, actually. I think they're
1:13.2	highly analytical and anal and precise, and then some of them have great personality. I'm sure
1:18.4	there's people like this inside of Omega Accounting Solutions too, but the good thing is they're all
1:22.8	great accountants, and they know a lot about a little something called the Employee Retention
1:27.4	Credit. The Employee Retention Credit says that you, if you're a small business owner, can get
1:32.3	up to $26,000 back for every employee that you employ during COVID. Pretty awesome. So if you kept
1:40.0	the lights on, you kept your business running, you paid people during the pandemic, you can get
1:45.4	money back from the government. Nothing is sweeter than that. Omega is a small business champion. They
1:50.6	offer a whole bunch of resources for small businesses. But in particular, the Employee Retention
1:56.9	Credit expires beginning March 31st. That's when the window closes. So the time to act on that is now
2:05.1	call 1-800-309-ERC. That's 1-800-309-ERC. 1-800-309-ERC or visit OmegaTaxCredits.com slash barstall sports.
	...

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