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☆ CNBC Sport: ESPN Chairman Jimmy Pitaro on the most important bet in media
▼ + stars: | 2024-10-31 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +19 min

ESPN President Jimmy Pitaro , who I spoke with this week in an exclusive interview, doesn't shy away from that. Other media companies buy sports rights too, but ESPN buys more, and its entire existence is predicated on it. Yes, ESPN+ has existed since 2018, but ESPN+ has always been ESPN Lite, as I discussed in a CNBC documentary we put out earlier this year. "If that deal delivers for us in terms of growing our ratings, growing our reach – we got Flagship rights. "If that deal delivers for us in terms of growing our ratings, growing our reach – we got Flagship rights.

Persons: Alex Sherman, Jimmy Pitaro, doesn't, Pitaro, That's, it's, There's, Pitaro hasn't, Venu, Fubo, –, He's, Shams Charania, Pat McAfee, he's, Zach Lowe, Max Kellerman, Suzy Kolber, Robert Griffin III, Steve Young, Jalen Rose, We're, Alex, you've, Morgan, Cooper Flagg, Flagg, CNBC's Jess Golden, hasn't, Erik, Hag, Ruud van Nistelrooy, Ruben Amorim, Shohei, — Dwyane Wade, Wade, Michelangelo's David, Dwyane Wade Organizations: CNBC, ESPN, Walt Disney Company, Cable, Warner Bros . Discovery, Paramount Global, Disney, ESPN –, Monday, Football, NBA, WNBA, NHL, MLB, College Football, ACC, Masters, Wimbledon, UFC, Revenue, Flagship, CNBC Sport, Morgan Stanley Wealth Management, Gatorade, Manchester United, archrival Manchester City, English Premier League, Sky Sports News, Los Angeles Dodgers, Major League Baseball, Kaseya, Union of European Football Associations, The, Pickleball, CBS, Fox Sports, December's APP, ESPN Headquarters, Washington Post, The Washington Post Locations: Duke, Los Angeles, Dallas, Atlanta, Portuguese, Japan, Miami, Europe, Fort Lauderdale , Florida

INDIANAPOLIS (AP) — Milwaukee Bucks star Damian Lillard defended his NBA 3-point contest title by finishing with 26 points in the final round during All-Star Saturday night. This one nearly ended without Lillard advancing to the final round. Then in the final, Young and Towns each put up 24 points, giving Lillard a chance to win it with a late shooting flurry that gave him the title. Team All-Stars' win in the shooting contest tied the score at 200, forcing the tiebreaker. Haliburton needed just 38.3 seconds for a win that continued a big weekend for the Pacers, who are hosting their first All-Star weekend since 1985.

Persons: Damian Lillard, Lillard, Jason Kapono, — Lillard, Tre Young, Karl Anthony, Minnesota —, Star Tyrese Haliburton, Myles Turner, Bennedict Mathurin, Haliburton, Mathurin, Detlef, — Jalen Rose, Detlef Schrempf, ___ Organizations: INDIANAPOLIS, — Milwaukee Bucks, NBA, Portland, Tyrese, Tyrese Haliburton of, Haliburton, Young, Star, Team Pacers, . Haliburton, Lucas Oil, Pacers Locations: Atlanta, Tyrese Haliburton, Tyrese Haliburton of Indiana, Towns, Minnesota

INDIANAPOLIS (AP) — Pacers guard Bennedict Mathurin wanted his family to have something to cheer about after traveling to Indianapolis for All-Star weekend. Instead, two second-year players — Mathurin and Oklahoma City guard Jalen Williams — led Team Jalen past Team Detlef 26-13 in the Rising Stars championship game. GAME 1Mathurin rallied Team Jalen from an early 9-0 deficit by fueling a 21-8 run that swung the game. “I think a lot of it starts by his character to do this game and be in the All-Star game," McClung said. "I don’t think there’s any limit on Paolo Banchero.”QUOTE OF THE DAY“I told my team I’m trying to win, especially in Indy.

Persons: Bennedict Mathurin, Antonio, Victor Wembanyama, Wembanyama, — Mathurin, Jalen Williams —, Detlef, “, Mathurin, it’s, Myles Turner, Tyrese, ”, Jalen Rose, Detlef Schrempf, Oscar Tshiebwe, Scott Henderson, Catchings, Jaden Ivey, Mac McClung, Alondes Williams, Schrempf, McClung, Williams, Paolo Banchero, Banchero, Hall of Famer Tamika Catchings, Max McClung, ” Mathurin, ___ Organizations: INDIANAPOLIS, — Pacers, Oklahoma City, Jalen, Rising, Pacers, Indiana, Mathurin, Portland, League, NBA, Hall of Famer, Indy Locations: Indianapolis, Tyrese Haliburton

☆ The inside story of how FanDuel upended US sports betting with the same-game parlay and used it to dominate the market
▼ + stars: | 2023-11-07 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +11 min

The daily-fantasy-sports company, which European gambling giant Flutter Entertainment had acquired, was racing to introduce its "same-game parlay" to the US. The same-game parlay, a phrase FanDuel coined, has since caught fire, meshing well with the high-scoring, stat-driven, athlete-personality focus of US sports — and propelled FanDuel to the forefront of the betting market. "The same-game parlay was the right product in the right market at exactly the right time." Every sports-betting operator, from DraftKings to newcomer Fanatics, now has or is building its version of the same-game parlay. After the NBA resumed play in July 2020, the same-game parlay grew from 5% to 10% of FanDuel's bets, Farren said.

Persons: FanDuel, Scott Longley, parlay, Conor Farren, FanDuel's, DraftKings, Entain, parlays, Longley, would've, John Maguire, Maguire, isn't, LeBron James, Jalen Rose, Sportsbet, Paddy Power Betfair, Farren, It's, Ben Hider, Penn Organizations: NFL, Krejcik, Houston Rockets, Los Angeles Lakers, Australian Football League, Australian rugby, NBA, ESPN Bet, FanDuel, Industry Locations: DraftKings, Melbourne, Australia, England, FanDuel

☆ ESPN's layoffs underscore its desperate need for a post-cable lifeline, but analysts are split on Disney's streaming plan that puts $20 billion of revenue at risk
▼ + stars: | 2023-07-07 | by ( James Faris | ) www.businessinsider.com time to read: +13 min

But that plan carries serious risk, as it would jeopardize still-sizable cable revenue without guaranteeing that enough sports fans would support such a product. Several other analysts — including Barton Crockett of Rosenblatt Securities, who has a buy rating for Disney shares — seconded those concerns about cannibalizing cable revenue. Nollen estimated 35 million current cable customers would switch to ESPN DTC. ESPN DTC is zero incremental cost and potentially billions in incremental revenue." An ESPN streamer (in light purple) would gradually drive revenue for Disney, Wells Fargo predicts.

Persons: Disney, that's, Jalen Rose, Todd McShay, Bob Iger, Macquarie's Tim Nollen, Nollen, Barton Crockett, —, Crockett, who'd, Will, you've, they'll, William Cohan, Cohan, Joe Bonner, Bonner, Brandon Nispel, Iger, Nispel, We've, Jason Bazinet, Bazinet, Hulu —, Wells Fargo's Steven Cahall, Cahall, Wells Organizations: ESPN, Disney, Bank of America, NBA, Sports, ESPN Disney's ESPN, Rosenblatt Securities, ESPN DTC, Will Disney, Citigroup, NFL, NBC, Apple, Comcast, NBC Sports, Netflix Netflix, Hearst, Argus Research, Netflix, KeyBanc, Hulu, DIS, Wells Fargo Sports Locations: Wells Fargo, it's, Wells, Hulu, Puck

☆ Stephen A. Smith speaks out about ESPN’s layoffs: ‘I could be next’
▼ + stars: | 2023-07-05 | by ( Michael Nam | ) edition.cnn.com time to read: +1 min

New York CNN —ESPN’s Stephen A. Smith is wondering if he too might soon be out of a job. ESPN’s cuts are only the latest layoffs across several media companies, including The Athletic, National Geographic and CNN. But a person familiar with the staff reductions at the sports network told CNN that ESPN’s layoffs were unconnected with Disney (DIS)’s larger layoff plans. Aside from those mentioned by Smith, cuts included “College GameDay” analyst LaPhonso Ellis and NFL sideline reporter Suzy Kolber. Smith also briefly touched on the issue of race in his discussion about feeling uncomfortable about his job security.

Persons: New York CNN — ESPN’s Stephen A, Smith, ”, —, Jalen Rose, Jeff Van Gundy, Keyshawn Johnson —, ” Smith, “, ESPN’s, LaPhonso Ellis, Suzy Kolber, “ Don’t, “ I’ve Organizations: New, New York CNN, The Athletic, National Geographic, CNN, ESPN, Disney, “, GameDay, NFL Locations: New York

☆ ESPN Lays Off Jeff Van Gundy, Jalen Rose and Other On-Air Talent in Cost-Cutting Move
▼ + stars: | 2023-06-30 | by ( Ben Glickman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/espn-lays-off-jeff-van-gundy-jalen-rose-and-other-on-air-talent-in-cost-cutting-move-87749366

Persons: Dow Jones Organizations: espn

☆ ESPN lays off about 20 on-air personalities including NBA analysts Jeff Van Gundy and Jalen Rose
▼ + stars: | 2023-06-30 | by ( Alex Sherman | ) www.cnbc.com time to read: +1 min

Disney' s ESPN on Friday is informing about 20 of its on-air personalities that they will no longer appear on any of the network's platforms. Cuts include former National Basketball Association head coach and current game analyst Jeff Van Gundy and ex-NBA player and studio analyst Jalen Rose, according to a person familiar with the matter. "These difficult decisions, based more on overall efficiency than merit, will help us meet our financial targets and ensure future growth." The cuts are part of ESPN's efforts to meet its financial targets for 2023 and beyond. Targeting on-air employees with large salaries will allow ESPN to keep more staffers throughout the organization.

Persons: Jeff Van Gundy, Jalen Rose, Hulu — Organizations: Disney, ESPN, National Basketball Association, Hulu

New York CNN —ESPN is laying off around 20 high-profile sports commentators as part of a cost-cutting initiative, a source with knowledge of the layoffs told CNN. “Given the current environment, ESPN has determined it necessary to identify some additional cost savings in the area of public-facing commentator salaries,” ESPN said in a statement. But the source stressed that the cuts were simply a matter of cost-cutting, and not related to job performance. Disney (DIS), which owns ESPN, is laying off 7,000 employees. The person familiar with the plans said that ESPN’s layoffs were unrelated to the broader layoffs at Disney (DIS).

Persons: Max Kellerman, Keyshawn Johnson, Jeff Van Gundy, Jalen Rose, LaPhonso Ellis, Suzy Kolber, “, ”, ” Kolber Organizations: New, New York CNN, ESPN, CNN, ” ESPN, Twitter, Disney Locations: New York

☆ ESPN lays off on-air talent including NBA analyst Van Gundy
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

[1/2] Houston Rockets Head Coach Jeff Van Gundy shouts about a call during the second half of NBA basketball action against the Utah Jazz in Salt Lake City April 18, 2007. REUTERS/Steve Wilson (UNITED STATES)/File PhotoJune 30 (Reuters) - ESPN laid off about 20 of its sports personalities on Friday as the Walt Disney (DIS.N) unit seeks to more closely manage costs, a source said. Among those affected by the cuts were long-time NBA analyst Jeff Van Gundy, former head coach of the New York Knicks and Houston Rockets, and studio analyst Jalen Rose, a former NBA player at six teams including the Indiana Pacers. It also laid off ESPN Radio's morning show co-hosts, Max Kellerman and Keyshawn Johnson. ESPN has already undergone two rounds of layoffs that did not impact talent as part of parent company Disney's announced plans to eliminate 7,000 jobs.

Persons: Jeff Van Gundy, Steve Wilson, Jalen Rose, Max Kellerman, Keyshawn Johnson, “, ”, Disney's, pare, Dawn Chmielewski, Ken Ferris Organizations: Houston Rockets, NBA, Utah Jazz, REUTERS, UNITED STATES, ESPN, Walt Disney, New York Knicks, Indiana Pacers, ” ESPN, Reuters, Burbank, Thomson Locations: Salt Lake, Los Angeles

☆ Analysis: 'The Surreal Life' reboot brings together another wild group of celebrity roommates
▼ + stars: | 2022-10-29 | by ( Lisa Respers France | ) edition.cnn.com time to read: +6 min

No judgment if Halloween is your thing, but I don’t like to be scared so I don’t indulge. Three things to watch‘The Surreal Life’The new cast of "The Surreal Life" sit down for dinner -- and some heated conversation -- in a scene from the VH1 show. From VH1/YouTubeI should probably start by mentioning that Dennis Rodman likes to walk around the house in which he filmed the new season of “The Surreal Life” naked. ‘The White Lotus’ Season 2(From left) Will Sharpe, Aubrey Plaza, Meghann Fahy and Theo James in a scene from season 2 of "The White Lotus" on HBO. And not to give too much away, but there’s a cool scene in season two which addresses binge-watch culture.

☆ Seeking nominations for the top athlete creators and media personalities in 2022
▼ + stars: | 2022-10-20 | by ( Colin Salao | ) www.businessinsider.com time to read: +3 min

Nominees may include active or recently retired professional or amateur athletes. LeBron James, Pat McAfee, and Alex Morgan are just some of the athletes that have started media companies. Recently retired athletes are those that have retired within the last five years (since 2018). Eligible retired athletes include Brandon Marshall (last played in 2018) and Redick (retired in 2021). Ineligible athletes include Lobo (2003), Rose (2007), and Pat McAfee (2017).

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