The $5.2B agreement (that’s Canadian dollars, or US$4.94B) pretty much gives the cable company all video rights to one of the country’s two national sports (the other is lacrosse). It also freezes out The Sports Network (TSN), Canada’s top-rated English-language …
It’s no secret that recently exited AEG heavyweight Tim Leiweke is a hockey guy. He always was the LA Kings’ biggest supporter within the company that owns the Stanley Cup champs. But with today’s news that the exec is headed to Toronto to run Maple Leaf Sports & Entertainment, he might be walking into serious culture shock. The man who for more than a decade led AEG — the behemoth that turned the ho-hum area around LA’s Convention Center into a world-class entertainment and sports hotbed — is in for more media and fan scrutiny that he ever imagined.
Rogers Communications Looking For New CEO
Canadian cable-TV-wireless-broadband provider Rogers Communications CEO Nadir Mohamed plans to retire next January. The board will appoint a search firm and begin looking internationally for a replacement, the Toronto-based company announced. Neither Ed Rogers nor Melinda Rogers, children of founder Ted Rogers, will put their names forward for the top job. Rogers is controlled by a family trust through a dual-class stock structure. While Mohamed’s decision was unexpected, the fact the Rogers children aren’t in the running signals the move wasn’t forced on him, said Maher Yaghi, an analyst at Desjardins Securities in Montreal.