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Industry experts optimistic that Tiger Woods's absence will have limited economic impact

Industry experts optimistic that Tiger Woods's absence will have limited economic impact
There have been a lot of gloomy predictions about the impact the Tiger Woods scandal, and his self-imposed hiatus, might have on America's annual $75 billion golf economy. Many industry experts say that fears are overblown, however, and they are optimistic that whatever impact is felt will be short-lived. His absence will be felt most by broadcasters. According to research by Nielsen, TV ratings for tournaments when Woods plays are 50 percent higher than ratings for tournaments when he doesn't. Neal Pilson, former president of CBS Sports and now a sports broadcast consultant, says that Tiger's indefinite leave from competition is affecting TV advertising purchases for 2010 PGA Tour events. Pilson also says that in 2010 networks could end up making financial adjustments to advertisers who purchased spots for events where Woods was expected to play. But Woods's scandal isn't all doom and gloom for TV, even at Golf Channel. "Every sport has black eyes," Adams said.

Financial impact for golf felt all around with Tiger Woods gone By Michael McCarthy, USA TODAY Tiger Woods' self-imposed exile could cost him millions in endorsement dollars and winnings. But the loss of golf's biggest cash cow also could deliver a financial whammy to the PGA Tour, TV networks, corporate sponsors and other entities that rely on the world's No. 1 player to drive their business. Without the so-called Tiger Effect, pro golf could be staring at the Tiger Recession. The Tiger-less Tour begins in earnest today at the Farmers Insurance Open at Torrey Pines near San Diego. Woods' vanishing act is taking a toll on tournament sales. After apologizing in a statement for his "infidelity" to wife Elin Nordegren, Woods announced Dec. 11 that he would take an indefinite break from pro golf. The biggest money-loser from the Woods sex scandal appears to be Woods. But Woods won't be the only one hit in the wallet. The Tour "absolutely" misses Woods, fellow player Rocco Mediate said Tuesday at Torrey Pines. Tickets and TV take a hit The stakes are high.

Q&A with NBC lead golf analyst Johnny Miller Johnny Miller was one of the PGA's best golfers in the 1970s and '80s, with 25 tour victories, including two majors. His final-round 63 to win the 1973 U.S. Open, dubbed the "Miracle at Oakmont," is among the game's legendary rounds. In 1990 Miller became NBC's lead golf analyst. Miller, 63, quickly became one of the most respected and controversial analysts in sports because of his willingness to be critical, something rare on golf broadcasts. What do you see as your role on telecasts? I've always tried to just talk about what I see. It's not all about being critical, is it? I congratulate guys if they hit a great shot. That are you willing to be critical probably gives you more credibility when you do say something positive, don't you think? Absolutely. Why didn't they? Because it's uncomfortable. When you started as a broadcaster, did you see it as a long-term thing? I wanted to quit after one day. Did anyone give you advice when you went into the booth? I didn't have one word of advice.

Tiger Woods, Elin Nordegren apologize to daughter's school for sex scandal-obsessed media Sanchez/AP Tiger Woods with his daughter Sam and wife Elin are seen a week before he crashed his SUV outside his home Thanksgiving night and his sex scandals became national news. Tiger Woods, who recently apologized for catting around to a long list of people, has made one more mea culpa - to the private pre-school his 2-year-old attends. And this time Woods' wife, Elin, chimed in, too. "Dear Premier Academy parents," they wrote jointly in a note to the school in Windemere, Fla., where the Woods family lives. "We would like to share our appreciation for your support over the past several months and offer our personal apology for any inconvenience you are experiencing due to the increased media scrutiny surrounding our children." The Woods' daughter, Sam, is a student at the school. "We truly understand how frustrating it can be," they wrote.

Tiger Woods net worth since the infidelity scandal and his divorce settlement - National celebrity infidelity What is Tiger Woods net worth since the infidelity scandal that led to his divorce from Elin Nordegren? Many people are curious about how Tiger Woods was affected financially by the exposure of his multiple extramarital affairs. Forbes magazine has been tracking Tiger Woods earnings since 1996 when he turned pro. Prior to his highly publicized infidelity scandal, Forbes estimated Tiger’s net worth to be $600 million. But the sex scandal cost Tiger Woods his reputation, his marriage and several key sponsorships worth millions of dollars. Now that the dust has settled, what is Tiger’s net worth today? Tiger Woods’ Post-Infidelity Financial Status Tiger’s bad behavior ended up costing him big bucks. In 2009, shortly after the scandal began to unfold, Tiger lost 3 major sponsors, Accenture, Gatorade, and AT&T. Yet according to Sports Illustrated, Tiger Woods earned approximately $90 million at the end of 2009. Tiger Woods Divorce Settlement with Elin Nordegren Tiger Woods Brother Earl Woods Jr.

Tiger Woods' net worth now - 10 things people are eager to know - National celebrity infidelity The latest news from the Palm Beach Post that Tiger Woods has leased an entire office building on Jupiter Island in which to relocate his business empire, has once again aroused curiosity about Tiger Woods’ net worth. People are particularly interested in knowing how much Tiger Woods is worth since the infidelity scandal that ruined his reputation, cost him a number of sponsors, and led to his divorce. Forbes magazine has been tracking Tiger Woods' earnings since he turned pro in 1996. Prior to Tiger’s widely publicized infidelity scandal, Forbes estimated Tiger Woods’ net worth to be approximately $600 million. PHOTOS: Tiger Woods Net Worth After His Divorce But what is Tiger Woods’ net worth today? There are several factors to consider in determining Tiger Woods’ current net worth - 10 of which are briefly mentioned below. 1. Contrary to popular opinion, Tiger Woods is not a billionaire. But that billion dollar figure represents Tiger’s cumulative earnings, not his net worth. 2. 3. 4. 5.

Tiger Woods' Self Inflicted Loneliness Gets Worse with Coach Hank Haney Gone? Hank Haney, Tiger Woods former golf coach, confirms that Tiger Woods is a sex addict, and this is what he underwent treatment for in rehab, according to RadarOnline. Haney, who suddenly resigned his coaching position with Woods, originally did not give an explanation for doing so. RadarOnline has learned that Haney's resignation was due to him having "no regard for a person like Woods." Haney "spoke candidly" about the impact this sex scandal has had on Tiger's performance in golf. Tiger's recent departure from his golf game may have been a hurt neck or could it have been hurt feelings? Although it appeared that he was welcomed back to the golf game by both his fellow players and fans, it took just a matter a few days for the people who were not willing to forgive Woods to surface. People are not as forgiving as Tiger once hoped and now his coach, confidante, and friend for 15 years has left his camp. This "sex addiction" of Tiger's has cost him his life as he once knew it.

Tiger Woods Car Accident: Alleged Affair, Mistress, Wife Fight (UPDATE, PHOTOS) UPDATE: Click HERE for the list of Tiger Woods' alleged mistresses -- photos, info, more! UPDATE, 1:32 AM: Rumors have surfaced that Jamie Jungers, a Las Vegas model, has been involved with Tiger Woods. Click here for possible photos of the blonde. UPDATE, 12/5 4:15 AM: Read about Tiger Woods' erotic dream -- involving an alleged mistress, Derek Jeter and Bones star David Boreanaz -- here. UPDATE, 1:01 PM: As if the Tiger Woods saga were missing any characters, Ashley Dupre, the central character of Eliot Spitzer's scandal, has shared her views to the New York Post: "Here you have all these girls accepting gifts, money, trips from Tiger in exchange for sex -- all the while knowing he is married. Click here for more. UPDATE, 12:58 PM: The daughter of Rachel Uchitel's attorney believes the alleged mistress of Tiger Woods canceled the press conference because she made a deal with Woods worth "at least a million dollars." Click here for more. Click here for more. Click here for more. More here.

tiger Woods affair economic impact - what is the impact of tiger woods affair on the economy Tiger Woods' affair resulted in a well-publicized car crash the day before Thanksgiving 2009. How did this impact the economy? According to research by two economics professors, it cost Tiger Woods' corporate sponsors $12 billion in lost stock value. Between November 25 and December 13, companies such as Gatorade, Nike and Electronic Arts stock prices fell 2.3%, costing shareholders $12 billion. Another impact could be lower viewership once the affair made Tiger decide to sit out that season. Tiger earns close to $100 million a year from his winnings and his endorsements.

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