New Leadership at ESPN, Nordstrom Board Rejects Family's Bid

ESPN has a new president, following the abrupt resignation of its former president in December. Disney appointed James Pitaro as the new head of ESPN. Previously, he was Disney's consumer products and digital chief. Pitaro will have his work cut out for him. Next month, ESPN will launch its new streaming service. The network is also facing declining viewership. Nordstrom rejected an offer from the Nordstrom family to take the company private. The board said the family's offer of $50 a share was too low. That offer would have put the company at a valuation of $8.3 billion. This was the first bid from the Nordstrom family. They've been trying to take the company private for the last year. Nordstrom went public in 1971.

More In Business

High Rates, Higher Prices: The Squeeze That Could Stall Growth

Inflation is outrunning growth, squeezing consumers and raising fear of a summer slowdown as high rates and sticky prices test spending and markets today now.

What It Takes to Shape the Future: Inside TIME’s 100 Most Influential Companies

TIME's editorial director Emma Barker unpacks the 2026 100 Most Influential Companies list, spotlighting trends, AI impact, surprises, and leadership shifts.

Back From Extinction: The Science Turning Lost Species into Living Reality

From dire wolves to new species targets, scientists at Colossal Biosciences are using gene editing to revive extinction and reshape biodiversity as we know it.

The Fast-Casual Crunch: Can Restaurants Keep Raising Prices?

R.J. Hottovy, Head of Analytical Research at Placer.ai, breaks down restaurant trends, pricing power, and which chains are winning this earnings season.

The “Silver Tsunami” Is Here and Gen Z Isn’t Ready to Buy

Adam Klappholz, Head of Product for Zelle, breaks down the “Silver Tsunami” as retiring boomers sell and a Gen Z buyer gap reshapes Main Street.

Big Business This Week: Why the UAE’s OPEC departure is a distraction from the real oil price crisis

How many oil crises can the world track at once? Now, the UAE has said it will leave the energy cartel, but what does it mean?

Why Some of America’s Richest Are Calling for Higher Taxes On Themselves

Morris Pearl of Patriotic Millionaires on why some of the wealthiest Americans are pushing for higher taxes on themselves and what it means for NYC.

How High-Altitude Platforms Could Transform Global Communications

Sceye CEO Mikkel Vestergaard on high-altitude platforms delivering connectivity and real-time environmental data from the stratosphere.

Inside The Next Chapter in Low-Earth Orbit

Dr. Jonathan Cirtain discusses Axiom Space’s plan to build Axiom Station, a commercial successor to the ISS, as the space economy expands beyond 2030.

The “World’s Oldest Intern” Speaks: William Shatner on Learning, Humility, And Starting Fresh

William Shatner and LifeWave CEO David Schmidt share lessons from his “world’s oldest intern” experience and offer advice for young professionals starting out.

Load More