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To create greater independence all media must guarantee levels of dependence on any single supply of funding are relatively low and that there are a number of sources of income (sponsors, foundations, shoppers, members, advertisers, events) to spread dependence risks. An excellent rule of thumb is that if a couple of-third of income is from one supply, a media firm becomes susceptible to affect and may grow to be unsustainable whether it is quickly diminished.
So racing is just not likely to be a giant supply of progress for CDI, and, as the one participant in large-league horse racing that’s a public company listed on the inventory alternate, CDI is underneath relentless Wall Street stress to point out greater and bigger income and income. The other major gamers don’t face the same savage capitalist forces. NYRA is for all sensible purposes a not-for-revenue corporation, as is Keeneland; the Stronach Group is privately held and insulated from quick-time period market stress, and all the rest are, frankly, minor league. Thus, because it is uncovered to uncooked market forces, CDI is probably an early harbinger of racing’s future. If so, that future is not brilliant.
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