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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

☆ 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

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

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