When former ESPN President John Skipper resigned in December, shock waves rippled through the sports network.
But this week, The Hollywood Reporter’s James Andrew Miller [revealed](https://www.hollywoodreporter.com/features/john-skipper-details-espn-exit-cocaine-extortion-plot-1094657) that behind that departure was a cocaine extortion plot, just adding to the disbelief.
No one Miller spoke to “saw any kind of indication that he had been using,” the reporter told Cheddar Friday. “There was just widespread shock.”
Even Skipper himself did not know he would resign when he did. That day “he woke up as president of ESPN, fully believing he was going to continue to be president of ESPN,” Miller explained.
But Skipper told him that he was “threatened concerning a purchase of cocaine” by an unidentified person.
After revealing this to Bob Iger, CEO at Disney, which owns ESPN, Skipper resigned, leaving behind a company he had worked at for almost three decades.
During his time as president, Skipper led the company’s aggressive push to secure long-term agreements with sports leagues to cover live events.
But the network has been losing subscribers for years, and its outlook even under Skipper was already murky.
Miller said ESPN is now “straddling two eras.”
“It’s got one foot in this unbelievably successful past, and it’s got another foot in a very, very uncertain future because of cord-cutting and rising programming costs.
“There’s a lot more uncertainties about what ESPN will be like five or ten years from now than there probably ever has been in its history.”
For the full interview, click [here](https://cheddar.com/videos/inside-john-skippers-abrupt-departure-from-espn).
While many are excited to watch the final two NFL teams square-off and see which one ultimately takes home the trophy, some, on the other hand, are there for another mian attraction -- the commercials. Companies during this year's game are looking towards the future From electric vehicles, to robots, and crypto-currency, several first-time advertisers are expected to join long-time advertisers like Pepsi, Budweiser and Doritos during the NFL's biggest game. Tom Morton, Global Chief Strategy Officer at R/GA, joined Cheddar News' Big Game Special to discuss.
This week's Spring Training has been delayed as a result of the ongoing MLB Lockout. This past Saturday lead negotiators and lawyers from Major League Baseball and the players union met to discuss the economic hurdles needed to be cleared for a new labor deal, but from all accounts, it seems the sides are still far apart. Baseball Columnist and Publisher of "The Joe Sheehan" Baseball Newsletter, Joe Sheehan, joined Cheddar to discuss more.
The Super Bowl might be over, but people are still buzzing about the players, commercials, halftime show, and more. Google tracks the top searches before and after the game every year, revealing the show-stopping moments of the biggest sporting event of the year. Sadie Thoma, Director of US Creative Partnerships at Google, joined Cheddar's Opening Bell to discuss the top trends this year.
Private equity firms are taking a big interest in investing in NBA teams, the sports league showing the highest ROI over the last two decades according to Sportico, Forbes, and PitchBook. Wylie Fernyhough, lead analys for private equity at PitchBook joined Cheddar News to discuss the way firms are looking to get a piece of the action on the court. “There’s a certain amount of rarity, with these," Fernyhough said. "They’re not exactly printing new NBA franchises."
Kyle Jaeger, senior editor for Marijuana Moment, joined Cheddar News' Closing Bell, where he explains why a stigma still exists for the cannabis industry in advertising and social media after NBC rejected Weedmaps' ad for the big game even though more states across the country are legalizing cannabis.
We know that the Los Angeles Rams emerged as Super Bowl champions, but the crypto industry also came out a winner on Sunday with several notable companies getting airtime in primetime. However, Richard Smith, author of the Risk Rituals Newsletter, joins Cheddar News' Closing Bell, where he says the campaigns were a 'disappointment' and adds that crypto companies would be wiser spending their resources on creating value.
Drake gambled $1.3 million in Bitcoin on Sunday’s Super Bowl — and won. Some of the action that the rapper placed bets on included the LA Rams to win outright and Odell Beckham Jr. to score a touchdown.
In late January, NFT company Candy Digital cashed in when a Shohei Ohtani Icon NFT sold for $100,000, breaking the six-figure sale price mark for MLB NFTs for the first time. Scott Lawin, CEO of Candy Digital, joins Cheddar News' Closing Bell, where he explains why his company is very excited about the future of digital collectibles and how the Ohtani NFT sale shows consumer confidence in the marketplace.
