Speedway/motorsports Blog Posts

Miles promising higher speeds, more excitement next year in IndyCar

September 24, 2014
Comments(33)
Hulman & Co. CEO Mark Miles is promising the new aero kits will push speeds higher next May at Indy, but also make the cars less likely to go airborne. He's bullish that attendance and TV ratings will go up series-wide next year.
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IndyCar TV ratings up, sponsors want more

September 5, 2014
Comments(50)
Although television viewership of IndyCar Series races is still lagging far behind what most sponsors and potential sponsors would like to see, there is cause for some optimism in the open-wheel paddock.
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Finding Jim Nabors' replacement no easy task for Indianapolis Motor Speedway

August 20, 2014
Comments(36)
While some followers of the Indy 500 want a Hoosier such as John Mellencamp or Sandi Patty to sing "Back Home Again in Indiana" before the big race, IMS officials won't limit the search to those with Indiana roots.
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Tag Heuer plans major IndyCar-centric marketing campaign

August 7, 2014
Comments(82)
As part of its sponsorship deal with the IndyCar Series, Tag Heuer will get naming rights to the Pit Stop Challenge held in conjunction with the Indianapolis 500, will have signage and displays at the IMS and will market an Indy 500 special edition watch.
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IndyCar TV ratings up, still long way to go

July 25, 2014
Comments(43)
Sunday's second race in Toronto was the most-watched IndyCar race on NBC Sports Network in nearly three years.
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Brickyard 400 attendance remains flat

July 23, 2014
Comments(21)
Indianapolis Motor Speedway officials are not holding out much hope the NASCAR Sprint Cup race they host will ever return to its glory days when it drew more than 250,000 fans annually.
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IndyCar team selling off assets at auction

July 10, 2014
Comments(30)
Panther Racing, once one of the best little teams in the IndyCar Series, is now being sold off in pieces. A number of high-profile items are expected to draw a crowd.
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NASCAR cuts staff as Brickyard 400 nears

June 24, 2014
Comments(18)
New chief operating officer spins stock car series 180 degrees. NASCAR, one of the few sports entities to add employees during the recession, is now paring down.
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Indy 500 TV ratings tick up, but Miles still has miles to go

May 27, 2014
Comments(49)
The TV ratings for the 2014 Indy 500 may be a small validation for some of the changes made at the Indianapolis Motor Speedway by Hulman & Co. CEO Mark Miles. But there's still lots more improvement needed.
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Verizon brings Super Bowl-tested system to IMS

May 14, 2014
Comments(3)
As part of a 13-month long project, Verizon Wireless installed more than 200 antennas to improve cell phone service at the Indianapolis Motor Speedway. While the system went live May 10, the big test will be May 25.
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Grand Prix of Indianapolis wins local TV ratings race, less impressive nationally

May 12, 2014
Comments(61)
The TV viewership for the Grand Prix of Indianapolis was more than five times higher in central Indiana than it is in any other market nationally.
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IMS officials expect Grand Prix attendance to top projections

May 8, 2014
Comments(17)
With good weather on Saturday, Indianapolis Motor Speedway officials think they could easily top 40,000 in attendance for the inaugural Grand Prix of Indianapolis.
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IndyCar Series, Speedway projecting big revenue increases

April 2, 2014
Comments(58)
Hulman & Co. officials are projecting 20-percent to 25-percent gains in ticket and sponsorship sales this year over last. But it's still not clear if the open-wheel series will be profitable.
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Verizon promising to go faster, farther than previous IndyCar title sponsors

March 14, 2014
Comments(28)
The motorsports marketing firm representing Verizon says the wireless communication firm won't be like past IndyCar Series title sponsors Pep Boys, Northern Light and Izod.
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Latest IndyCar driver hire easy to criticize

February 27, 2014
Comments(45)
If the IndyCar Series as a whole doesn’t start looking at least a little further down the line, in a decade's time there aren’t going to be any gray beards left to bring back.
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IndyCar's Fisher, Newgarden show pushing forward can require U-turn

February 13, 2014
Comments(19)
She may not be the first person that comes to mind when thinking of sports marketing, but I’ve always thought Sarah Fisher has a firmer grasp on connecting with fans than most in the IndyCar paddock.
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IndyCar boss optimistic he can land big-name sponsors

February 4, 2014
Comments(56)
Mark Miles says he's very confident he can land a replacement for Izod as the IndyCar Series' title sponsor by March 30. Verizon is one of the companies Miles is talking to, motorsports sources said.
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Indy Eleven takes big gamble with stadium finance plan

January 27, 2014
Comments(15)
By asking for tax money to help finance an $87 million, 18,500-seat venue, soccer team owner Ersal Ozdemir is gambling with one of his franchise's most valuable assets.
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Eight Indiana race tracks join alliance led by former NASCAR promoter

January 8, 2014
Comments(12)
H.A. "Humpy" Wheeler is at the wheel of an initiative to breathe new life—and money—into myriad auto racing tracks in Indiana and across the country.
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F1 champ Jackie Stewart joins forces with local marketing firm

December 20, 2013
Comments(8)
Just Marketing International continues diversification by signing deals this month to represent two of the biggest stars from the world of Formula One.
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IndyCar-themed movie spinning off into cartoon series

December 18, 2013
Comments(14)
Indianapolis Motor Speedway officials are hopeful Turbo Fast, which will race to TV screens in time for Christmas, will expose IndyCar racing to a new generation of fans.
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Three-fourths of ticket buyers to new Speedway road race from Indiana

November 21, 2013
Comments(15)
Early ticket sales for the new IndyCar road race at the Indianapolis Motor Speedway are tracking on the high end of projections. But the visitor spending of the mostly locally attended event could be limited.
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Miles completes IndyCar executive team overhaul

November 8, 2013
Comments(33)
Hulman & Co. CEO Mark Miles abandoned his earlier idea of having a CEO over IndyCar/Speedway competition and another chief executive over the commercial side in favor of a new structure. Now its time to see if it translates into sales.
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Resignation adds urgency to search for Speedway, IndyCar commercial boss

October 23, 2013
Comments(56)
As key sales staffers depart company, Hulman & Co. CEO Mark Miles continues to launch groundbreaking sales initiatives to bolster the IndyCar Series and Indianapolis Motor Speedway.
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Honda wants IndyCar officials to find new engine suppliers

October 14, 2013
Comments(54)
Supplying engines for half the IndyCar field is more than Honda officials bargained for. Losing the Japanese auto maker as a partner would be a huge blow for the open-wheel series.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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