Featured Video

Yankees-Red Sox Clear Benches 😳

FILE - In this Oct. 6, 2014, file photo, ESPN President John Skipper smiles during a news conference in New York. TV executives in the U.S. and Canada have long argued that the best value for your money comes through packages of hundreds of channels. The industry has also resisted offering full choice because overall subscription and advertising revenue could decline. “We don’t sell it alone right now because we generate more revenue by being in a larger package,” Skipper said at the recent Code Media conference. Asked if the leading sports network would cost too much on its own given the rising cost of sports rights, he replied that was “just a hypothetical and ultimately, specious mathematical problem.” (AP Photo/Mark Lennihan, File)Mark Lennihan/Associated Press

John Skipper, ESPN Reportedly Agree to 3-Year Contract Extension

Rob GoldbergNov 14, 2017

ESPN President John Skipper has signed a contract extension that will keep him with the company through 2021, according to Ryan Glasspiegel of the Big Lead.

Skipper, who has been the head of ESPN since 2012, was already under contract through 2018 based on a 2015 agreement.

Richard Deitsch of Sports Illustrated provided some insight on the deal:

TOP NEWS

Deitsch reported last week that more than 100 ESPN employees will lose their jobs following Thanksgiving, with SportsCenter personnel especially likely to be impacted.

The company has already gone through multiple mass layoffs in recent years, including in April when 100 writers and on-air personalities were let go. About 300 employees lost their jobs in 2015.

ESPN has lost about 13 million subscribers since 2011, per Cork Gaines and Mike Nudelman of Business Insider, though much of that was reportedly due to "cord-cutting," as cable subscriptions as a whole declined at a faster rate.

Despite the negative headlines, Skipper clearly has a vote of confidence to continue in his role.