The Pit Stop

December 4, 2008 10:32 PM

Petty Enterprise, Fox Sports, and other news...

Sports Illustrated and ESPN are both putting out new reports that merger talks between Petty Enterprises and GEM have occurred.  This will form a four car team with the #43 car going over to GEM.

Petty Enterprises Chief Executive Officer David Zucker is not commenting on the merger news.

USA Today writes that people in theaters next year will be able to watch the Daytona 500 in 3-D.

Got this in a press release:


Award Recognizes Outstanding Community Service by Individual Within NASCAR Community;
Childress Established Institute for Pediatric Trauma at Wake Forest Baptist Medical Center

ATLANTA, DEC. 4, 2008 - The Home Depot, the world's largest home improvement retailer and Official Home Improvement Warehouse of NASCAR, and The National Association for Stock Car Auto Racing (NASCAR) today announced that Richard Childress, president and CEO of Richard Childress Racing and former NASCAR driver, was selected as the recipient of the 2008 NASCAR Home Depot Humanitarian Award. Childress is honored for establishing the Childress Institute for Pediatric Trauma at the Wake Forest Baptist Medical Center. The award is open to any member of the NASCAR community who has shown extraordinary dedication to serving others and improving communities through meaningful service efforts.

As the 2008 NASCAR Home Depot Humanitarian of the Year, Childress received a $100,000 donation made by The Home Depot to his charity of choice, the Childress Institute for Pediatric Trauma at the Wake Forest Baptist Medical Center, and a specially-designed crystal award.

In 2008, Childress made a $5 million donation to establish the Childress Institute for Pediatric Trauma. The Childress Institute aspires to impact the chances of a child dying from a traumatic injury through advancing and disseminating research and knowledge on the treatment and care of children with traumatic injuries. Traumatic injury is the leading cause of death for children in the United States, and the Childress Institute will focus on research, education, treatment, prevention and raising awareness of childhood injuries. Childress is currently working with a number of organizations and donors in an effort to raise additional support for the Institute.

"The Home Depot is honored to recognize Richard Childress as the 2008 recipient of the NASCAR Home Depot Humanitarian Award for the establishment of the Childress Institute for Pediatric Trauma," said Frank Bifulco, senior vice president and chief marketing officer of The Home Depot. "Richard's generous spirit and commitment to this cause will bring awareness to pediatric traumatic injuries and help save the lives of countless children in the future. All three Humanitarian Award finalists embody the values of volunteerism and dedication to improving their communities that are fundamental to both The Home Depot and NASCAR."

The other finalists for the award were Artie Kempner, coordinating director of NASCAR for FOX Sports and founder of the Autism Society of Delaware, and Ryan Newman, NASCAR Sprint Cup Series driver for Penske Racing, founder of Racing for Wildlife with The Conservation Fund and animal rights advocate. They received a $25,000 donation each to their designated non-profit organizations.

"Richard Childress is a legend in NASCAR as a team owner, driver and philanthropist," said Marcus Jadotte, managing director of public affairs for NASCAR. "NASCAR is proud to join with The Home Depot in recognizing Richard for his dedication to the cause of pediatric traumatic injuries. Richard's work with the Childress Institute for Pediatric Trauma demonstrates the heart and will to help that exists in our sport and we are proud of the way our drivers, owners and everyone that is part of the NASCAR family give back to their communities."

All active employees within the NASCAR industry - drivers, owners, team and track employees, licensees, media partners, and motorsports media - were eligible to receive the NASCAR Home Depot Humanitarian Award. Nominees were assessed based on their community commitment and dedication; impact on the community; and charitable giving of their time and talents. A blue-ribbon committee comprised of representatives from NASCAR, The Home Depot and motorsports media selected the NASCAR Home Depot Humanitarian Award winner.

The NASCAR Home Depot Humanitarian Award was established in 2007. The inaugural Humanitarian Award winner was Don Miller, a former Penske Racing executive. Miller started the Stock-for-Tots program as a holiday event to collect toys and raise funds for Stop Child Abuse Now (SCAN).

The Home Depot® is the world's largest home improvement specialty retailer, with 2,262 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, Mexico and China. In fiscal 2007, The Home Depot had sales of $77.3 billion and earnings from continuing operations of $4.2 billion. The Company employs more than 300,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.

The National Association for Stock Car Auto Racing, Inc. (NASCAR), celebrating 60 years in 2008, is the sanctioning body for one of North America's premier sports. NASCAR is the No. 1 spectator sport - holding 17 of the top 20 highest attended sporting events in the U.S., and is the No. 2 rated regular-season sport on television. NASCAR races are broadcast in more than 150 countries and in more than 30 languages. NASCAR fans are the most brand loyal in all of sports, and as a result more Fortune 500 companies participate in NASCAR than any other sport.
NASCAR consists of three national series (the NASCAR Sprint Cup Series, NASCAR Nationwide Series, and NASCAR Craftsman Truck Series), four regional series, and one local grassroots series, as well as two international series. NASCAR sanctions more than 1,200 races at 100 tracks in more than 30 U.S. states, Canada and Mexico. Based in Daytona Beach (Fla.), NASCAR has offices in New York, Los Angeles, Charlotte (N.C.), Concord (N.C.), Conover (N.C.), Bentonville (Ark.), Mexico City, and Toronto.

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