INSIDE THE TRIPLE CROWN'S MOST VALUABLE JEWEL AND BELOVED AMERICAN PASTIME
CNBC's "RUN FOR THE ROSES: THE KENTUCKY DERBY AND THE BUSINESS OF HORSE RACING," ANCHORED BY MELISSA FRANCIS, PREMIERES ON THURSDAY, APRIL 30th
ENGLEWOOD CLIFFS, N.J., April 24, 2009 - And they're off! Each year, gamblers place more than $100 million in bets on the Kentucky Derby, to be held this year on May 2nd at Churchill Downs. Although the storied race is more than 130 years old, the question facing the most exciting two minutes in sports is in an economic downturn, and with growing competition from other wagering sources, will it continue to thrive?
CNBC's primetime original program, "Run for the Roses: The Kentucky Derby and the Business of Horse Racing," anchored by Melissa Francis, and premiering Thursday, April 30, at 9PM and 1AM ET takes a behind-the-scenes look at the horse racing industry, spotlighting the premier race in the triple crown.
CNBC, First in Business Worldwide, explores the continually expanding, publicly traded Churchill Downs which now includes the online wagering service Twinspires.com, a 50% stake in Horseracing Television, a $121 million renovation of the main site, and racetracks in Chicago, Miami Gardens, Fla. and New Orleans.
"Run for the Roses" also offers a breakdown of money that surrounds this storied race including the $200 million that is pumped into the Louisville economy, the $100 million-plus in bets, and the $2 million purse.
Interview subjects include Mike Iavarone, CEO of International Equine Acquisitions Holdings, Inc./owner of past Derby champion Big Brown; Chris McCarron, Hall of Fame jockey; Steven Crist, Racing Form publisher, Andrew Beyer, Washington Post horse-racing columnist/author; John Asher, Churchill Downs historian, and Kentucky Derby legend/Hall of Fame jockey Pat Day..
CNBC's "Run for the Roses: The Kentucky Derby and the Business of Horse-Racing." re-airs on Saturday, May 2nd at 7PM ET, Sunday, May 3rd at 10PM , Monday, May 4th at 9PM/1AM.
Melissa Francis is co-anchor of CNBC's 'The Call," airing weekdays 11AM-12 Noon, ET.
Charles Schaeffer is Executive Producer of the program for CNBC. Sharon Barrett is the Executive Producer and Rachel Ruiz is the Producer for Kurtis Productions.
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.