“I respect his candor and support his decision to focus on his health and his family.” “I join John Skipper’s many friends and colleagues across the company in wishing him well during this challenging time,” Bob Iger, the Disney chairman and chief executive officer said in a statement. In a statement, Skipper said he discussed the matter with Disney executives “and we mutually agreed that it was appropriate that I resign.” Neither Skipper nor the network specified the nature of his addiction. “ESPN has been the biggest albatross hanging over Disney’s stock, and so Disney investors and Wall Street will be watching to see who they appoint,” said Eric Jackson, founder of EMJ Capital, a tech and media investment company. Now in addition to plotting a path through a rapidly changing market, the network will embark on an urgent search for a new leader. People are dumping it in RECORD numbers.”ĭespite these challenges, Disney recently had signed Skipper to a contract extension that was supposed to keep him at the helm of ESPN through 2021 and had begun making an aggressive push in the digital realm. Even President Trump has weighed in, tweeting in September, “ESPN is paying a really big price for its politics (and bad programming). Not long ago, the company was regarded as perhaps the most bullet-proof in all of media, but this year, ESPN has laid off hundreds of employees amid declining subscriptions and has been rocked by criticism that its talent and programming has become too political. Digital Replica Edition Home Page Close Menu
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