Recession hits the sports world

Mar. 13 - With the world in the midst of a recession, the sports business is finding out it's not immune to the effects of the faltering economy.

The common denominator says is that many companies are re-evaluating whether underwriting sports events makes sense --given the state of the economy. Jon Decker reports.

SOUNDBITE: Ted Leonsis, owner - Washington Capitals,



Link to business: Reuters Video Channel