Drew Dinkmeyer spent seven years as a senior investment analyst in Tampa, Florida, before deciding to pursue fantasy sports professionally.
Dinkmeyer, who’s 31 and got married last year, said he earns about as much from competing in daily fantasy sports leagues as he did when he was researching international equities and domestic small- and mid-cap stocks at CapTrust Financial Advisers.
A former tennis player atDartmouth College, Dinkmeyer is part of the fastest-growing segment in fantasy sports, which in 2012 had participants spend $3.38 billion on products, services and entry fees, according to the Fantasy Sports Trade Association. Daily-play continues to grow while traditional season-long leagues have ended with the start of the National Football League playoffs.
“It’s exploded in the last couple of years,” association President Paul Charchian said in a telephone interview from Minneapolis. “It’s growing so fast by the time we get the research back, it’s already out of date. It’s gotten more investment in the past two years than in the history of fantasy sports combined.”
When Jeff Zucker joined CNN Worldwide as president last January, the media and ad industry expected the former chief of NBC Universal to take big risks on programming, formats and talent. A year in, everyone is still waiting.
There’s a new morning show, a handful of fresh on-air faces and a deeper investment in documentaries. But its biggest success over the past year, Anthony Bourdain’s travel series, “Parts Unknown,” was in the works before Mr. Zucker arrived.
In an interview in the wake of his one-year anniversary at the helm of the news giant, Mr. Zucker promised bigger changes this year.
"It’s safe to say 2014 will be the year we shake up prime time," said Mr. Zucker, 48.
Executives at parent company Time Warner have so far preached patience, but buyers are looking for a splash.
Mr. Zucker “has dipped a toe in water, but hasn’t made enough changes,” said David Campanelli, senior VP-director of national broadcast, Horizon Media. “CNN has been hanging its hat on Bourdain, but that’s only 12 hours. They need more of those.”
At stake is the future of one of the news industry’s storied brands. Mr. Zucker is trying to hang on to CNN’s heritage — the go-to for breaking news that still provides the network with its greatest ratings bumps, while expanding into the broad-appeal lifestyle programming that has helped other cable networks break out of their niches. In other words, CNN needs its “Duck Dynasty.”
'Period of denial'
It’s a tough needle to thread.
Read more: AdAge