The NBA has announced that training camps will be postponed, along with all preseason games, through October 15. This step will increase the chances of a work stoppage in the regular season.
“We have regretfully reached the point on the calendar where we are not able to open training camps on time and need to cancel the first week of preseason games. We will make further decisions as warranted,” said NBA Deputy Commissioner Adam Silver.
Some companies tied to the NBA include Madison Square Garden Inc. (NASDAQ:MSG), Anheuser-Busch Inc. (NYSE:BUD), and Nike Inc. (NYSE:NKE), as well as News Corp. (NASDAQ:NWSA), Comcast (NASDAQ:CMCSA), CBS Corp. (NYSE:CBS), and The Walt Disney Company (NYSE:DIS), all of which broadcast NBA games on their networks, which include Fox, NBC, CBS, ABC, and ESPN.