The NBA's Los Angeles Clippers under their new owner, former Microsoft chief Steve Ballmer, will pass on a $60 million-a-year offer to stay on their regional sports network (RSN) and will instead embark on a direct-to-consumer (DTC) streaming video distribution scheme. The New York Post reported on the action, citing unnamed insiders.
Even though it's stuck paying the Los Angeles Dodgers an average of $340 million annually for the next 24 years for a regional sports network no other major pay-TV operator will carry, Time Warner Cable may not be gun shy about launching another regional sports network in the Los Angeles market.
Former Microsoft CEO Steve Ballmer has been off the job for one month but he's reflecting on his time leading the software giant and regrets not moving sooner to integrate mobile hardware and software.
As had been expected, Microsoft named Satya Nadella as its third CEO. Nadella will take the place of the outgoing Steve Ballmer, who announced last year he would retire. In naming a 22-year Microsoft veteran as CEO, the company's board chose an insider who was considered a safe choice at a time when the company is being buffeted by challenges on the mobile front and is integrating Nokia's handset business.
Microsoft is poised to name Satya Nadella as its next CEO to replace the outgoing Steve Ballmer, according to multiple reports. The move, if confirmed, would elevate the company's cloud and enterprise chief to the top spot at a time when the company is focusing more on consumer hardware, epitomized in its $7.4 billion deal to buy Nokia's handset business.
Microsoft has said it intends to name a new CEO early this year, but the search for a successor to Steve Ballmer continues. Meanwhile, as more executives from other companies get drawn into the rumor mill as potential candidates for the top job at the software giant, the search has begun to affect the boards of other companies, notes Bloomberg.
Ericsson CEO Hans Vestberg is in the running to take the reins as chief executive at Microsoft from Steve Ballmer, who is retiring within the next few months, according to a Bloomberg report.
Ford Motor Co. CEO Alan Mulally will stay at the automaker through 2014, according to Ford board member Edsel Ford II, who reiterated the company's timetable. The announcement could mean that Mulally is now out of consideration to take the CEO spot at Microsoft once CEO Steve Ballmer steps down.
Nokia said its shareholders approved the sale of the Finnish company's devices and services business to Microsoft after 99 per cent of the votes cast at this week's extraordinary general meeting were in favour of the proposal.
It's no secret that the vast majority of what wireless executives say in public is not surprising. Usually it's a recitation of phrases, talking points and ideas they have made in the past that they are simply reinforcing. However, every once in a while, in an interview or unguarded moment, wireless executives can let loose a whopper.