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Basketball / Jordan Retirement #182684

ABC Evening News for Tuesday, Jan 12, 1999
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(Studio: Peter Jennings) Report introduced.

(Chicago: Dean Reynolds) The retirement of pro basketball great Michael Jordan as the NBA tries to resume after a six-month lockout featured; game footage shown. [FANS - praise Jordan.] [Teammate Dickey SIMPKINS - says Jordan hinted last year would be his last.]

(Studio: Peter Jennings) Massachusetts Institute of Technology economist's estimates of Jordan's business value cited.

(New York: Bob Jamieson) The importance of Jordan to the NBA's business examined; examples cited of revenues from products endorse by Jordan. [Economist Andrew ZIMBALIST - likens Jordan's impact to that of Babe Ruth in baseball's 1920s.] [Sports marketing specialist Neal PILSON - comments on the NBA future after Jordan.]

(Studio: Peter Jennings) The drop in Nike stock following the retirement announcement noted.

Jamieson, Bob;
Jennings, Peter;
Reynolds, Dean

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