Shake_Tiller
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The question of whether NFL TV ratings are down is being answered by Wall Street. The analysts at Nomura downgraded Papa John's Pizza shares, and to cite "The Street," --
"The primary reasons for the lowered outlooks are overall 'sluggishness' in the domestic restaurant chain sector, and its standing as the official pizza of the National Football League, which is currently experiencing TV ratings declines.
"The Nielsen company said Tuesday the weekend's nationally televised games averaged 13.8 million viewers, falling from 14.8 million the week before. Opening week recorded 16.3 million viewers and the second week had 15.8 million."
These numbers have to trouble the NFL and clearly do -- witness meetings among owners and league management as well as between the NFL and the NFLPA. When considering the year-on-year comps one must also recall that the NFL argued vociferously last year that the decline from 2015 was largely attributable to the Presidential election and the outsized attention paid to it. In other words, if there arguments in 2015 were true, the year/year comps from 2016 to 2017 should be easy.
The NFL should be be getting better ratings this year than last (if we accept the league's arguments), so even flat year/year comps would be bad news. The fact is, regardless of the reason, NFL ratings are negative.
Of course, the NFL is still attracting huge viewership, but anyone who has ever paid attention to public companies understands that downward trends are deeply negative, regardless of the size and power of the company. The NFL has fed on revenue growth. Anything that feeds revenue loss, or even revenue stagnation, is a serious problem.
"The primary reasons for the lowered outlooks are overall 'sluggishness' in the domestic restaurant chain sector, and its standing as the official pizza of the National Football League, which is currently experiencing TV ratings declines.
"The Nielsen company said Tuesday the weekend's nationally televised games averaged 13.8 million viewers, falling from 14.8 million the week before. Opening week recorded 16.3 million viewers and the second week had 15.8 million."
These numbers have to trouble the NFL and clearly do -- witness meetings among owners and league management as well as between the NFL and the NFLPA. When considering the year-on-year comps one must also recall that the NFL argued vociferously last year that the decline from 2015 was largely attributable to the Presidential election and the outsized attention paid to it. In other words, if there arguments in 2015 were true, the year/year comps from 2016 to 2017 should be easy.
The NFL should be be getting better ratings this year than last (if we accept the league's arguments), so even flat year/year comps would be bad news. The fact is, regardless of the reason, NFL ratings are negative.
Of course, the NFL is still attracting huge viewership, but anyone who has ever paid attention to public companies understands that downward trends are deeply negative, regardless of the size and power of the company. The NFL has fed on revenue growth. Anything that feeds revenue loss, or even revenue stagnation, is a serious problem.