Florida universities brace for NCAA settlement's financial impact
Florida higher-education leaders want to quickly hear how universities need to address a pending national legal settlement that is expected to lead to schools facing at least $22.5 million a year in new athletic-department costs. The tentative $2.78 billion settlement would allow athletes to be paid directly by universities, allow athletes who played at the Division I level since at least 2016 to recoup money from NIL deals they had been barred from entering and establish a revenue-sharing system. More from the News Service of Florida.
HSN will maintain a remote workforce in St. Pete, but layoffs are coming
HSN plans to announce layoffs in St. Petersburg by the end of March, after news this week that it will close up shop here by the end of 2025. Parent company Qurate Retail Group said on Jan. 29 that it plans to consolidate its production operations at QVC’s headquarters in Pennsylvania. The pending round of layoffs is the culmination of years of reductions at HSN. More from the Business Observer.
How does a comic book shop stay open in 2025? Ask this longtime Miami business owner
A&M Comics and Books is a Miami-Dade comic shop that has been in business for more than 50 years. The 1,000-square-foot shop, said to be the oldest comic shop in Florida, has long boxes of vintage comic books and stacks of collectible Spider-Man figures stacked to the ceiling. That’s the way store owner Jorge Perez likes it. More from the Miami Herald.
Port Canaveral CEO gets 5% raise pushing his salary above $600,000
Port Canaveral commissioners voted this week to raise CEO John Murray's salary by 5%, boosting it above $618,000 a year. That's on top of previously approved six-figure financial incentives Murray is in line to receive for every year he remains as CEO. The Canaveral Port Authority's unanimous vote came after port commissioners gave Murray stellar grades in his annual performance review. More from Florida Today.
Orlando is turning into a 'foodie city'
Orlando may be best known as a travel hotspot and for its world-famous theme parks, but the city is quickly gaining recognition as a top-tier foodie destination. The Michelin Guide recently recognized four new local restaurants: Coro, Sorekara, UniGirl, and Ômo by Jônt. It’s another sign that Orlando’s food scene is leveling up. More from WOFL.
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Business Beat - Week of January 31st
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Sports Business
Orlando business owners prepare for Pro Bowl weekend boom
Pro Bowl weekend is underway in Orlando, and with it, tens of thousands of football fans are expected to converge on the City Beautiful. As many as 88 NFL stars will show off their skills during the weekend's events, which will culminate in a championship game on Sunday at Camping World Stadium. But according to leaders of the NFL, after hosting six Pro Bowls in Orlando, they want to have a legacy that reaches beyond the game, with about $45 million expected to be brought into the community.
» Read more from Spectrum News 13.