It's tough to find even a putting green amid the concrete of midtown Manhattan. But that may soon change as the sport surges in popularity. The U.S. Golf Association bid $16 million for what was the Russian Tea Room, where it wants to place a museum. Sure to be featured: Tiger Woods and Jack Nicklaus. Cable's Golf Channel and Golf Digest are taking a swing at the issue of who is the greatest in a joint-content production, "Tiger vs. Jack." The channel will run a special and the magazine a lengthy feature. Accenture, Merck's Zocor and Brown-Forman Corp.'s Jack Daniels are the exclusive sponsors.
Tumult continues at Gemstar-TV Guide with the resignation of the magazine's editor Steven Reddicliffe-with no replacement in sight. That followed word of more revenue restatements and litigation losses over key company patents. There's also an SEC probe-no longer huge news among media companies.