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Posts Tagged ‘David Stern’

Frontiers LA Files for Chapter 11

From the new kid on the West Hollywood media block comes news of trouble at one of the oldest. According to WEHOville.com, bi-weekly mag publisher Frontiers LA filed for Chapter 11 bankruptcy protection on March 6 and received approval for a 90-day transitional operating budget March 11. Still under discussion is how the company will be restructured and which creditors are to be paid first.

There are a couple of juicy personnel details. On the day before the bankruptcy filing, Frontiers co-editor Aaron Drake suddenly quit. That could very possibly have had something to do with requests made by owner-publisher David Stern:

Two proposals have met objections from Peter Anderson, the court-appointed bankruptcy trustee, whose role is to assure that creditors are treated equitably. Anderson objected to a proposal to pay Stern $150,000 a year, noting that in the 12 months preceding the bankruptcy filing Stern was paid only $82,296.

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Walt Frazier Reflecting on NBA Commissioner David Stern Stepping Down in 2014: ‘He Built the League’

Most times celebrated, other times tenuous, the tenure NBA commissioner David Stern is no longer open-ended. Stern announced yesterday that he’ll leave his post on February 1, 2014, exactly 30 years after it all began.

Stern’s time with the NBA started in 1966 as an outside counsel. In 1978, Stern was on the fast track to the top job, named general counsel under then-commissioner Larry O’Brien. Two years later, Stern moved a step closer as executive VP of the NBA.

When Stern took over as commish in 1984, several big name players were drafted. The biggest of the bunch, Michael Jordan became the center of TV coverage for the next 15 years. With that mind, television revenues have jumped exponentially since Stern ran the show, now approaching $1.3 billion.

Salaries have also skyrocketed under Stern’s watch. The average pay for a player stands at a cool $5 million, while it was a paltry $250,000 in 1984, The New York Times reports.

After the jump, Knicks analyst Walt Frazier tells FishbowlNY that the NBA owes so much to Stern.

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Bill Simmons, Jalen Rose Join NBA Countdown

After a false start, ESPN has finalized their ESPN/ABC KIA NBA Countdown show by adding Bill Simmons and Jalen Rose, the network formally announced on Thursday.

Originally, Simmons was reportedly going to join Stan Van Gundy on the show, but when FishbowlLA contacted ESPN last month, they were unable to confirm the news. The former Orlando Magic head coach explained last week the reason why he didn’t get the job had to do with NBA commissioner David Stern, who reportedly nixed the idea. Read more

Jim Rome’s Interview with NBA Commish Turns Ugly

Things got testy Wednesday morning when nationally syndicated sports talk show host Jim Rome asked NBA commissioner David Stern if the league’s draft lottery is fixed.

(The NBA owns the New Orleans Hornets — the team that won the top overall pick in the draft.)

When Rome questioned Stern about a possible fix, the snarky commish snapped back with the rhetorical question, “Have you stopped beating your wife yet?”

Awkward pause.

Stern went on to take cheap shots at Rome’s professional career before eventually saying “he had to go call someone important like Stephen A. Smith now.”

Shots. Fired.

Bloomberg TV to Spotlight Magic Johnson

Bloomberg TV will devote two hours to Magic Johnson Thursday night after his bidding group purchased the Los Angeles Dodgers from Frank McCourt last month.

At 8 p.m. ET/PT, Trish Regan will host The Big Deal, a live one-hour report on Johnson’s role in the acquisition of the Dodgers. The show will feature interviews with Miami Dolphins owner and Related Companies CEO Steve Ross, former Dodgers manager Tommy Lasorda and Chris Bevilacqua, former chairman & CEO of CAA Sports Media Ventures and co-founder of College Sports Television.

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Bill Simmons is All In on the Los Angeles Kings

Welcome aboard the Los Angeles Kings bandwagon, Bill Simmons.

The diehard basketball fan and ESPN columnist bought Kings season tickets as the 2011-12 NBA season hangs in the balance.

Simmons (along with yours truly) was at Staples Center Tuesday night for the Kings home opener, a 5-0 shutout victory over the St. Louis Blues. He wrote about his decision to buy tickets on Grantland.com Wednesday:

“If there’s an irony here, it’s that Gary Bettman — Gary Bettman!!! — has a chance to take advantage of David Stern‘s mistakes. It’s like remaking The Godfather: Part II and having Fredo turn the tables on Michael. Just look at what’s happening to a team like the Kings right now. Everything broke perfectly. The Lakers and Clippers disappeared. Poof! They’re gone. The USC and UCLA football teams are struggling. The McCourts turned the Dodgers into Clippers 2.0. Who’s left? Remember, Los Angeles has no memory; it’s a place where you’re only as good as your last hit, where people latch onto winners and coldly dismiss losers both in sports and show business. For years and years, it loved the Lakers and college football, then baseball, then college basketball, then hockey, then the Clippers. In that order.

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SoCal Bloggers React to Bryant Gumbel ‘Plantation’ Remark

At the end of last night’s Real Sports HBO episode, host Bryant Gumbel shared a characterization of NBA commissioner David Stern that he knew would make some people “cringe.” He suggested that Stern’s actions and words during a recent media tour are typical of a “commissioner who has always seemed eager to be viewed as some kind of modern plantation overseer, treating NBA men as if they were his boys.”

NBC Sports blogger Kurt Helin writes this morning that “some players are saying very much this same thing when the microphones are off.” Larry Brown meanwhile compares this latest Gumbel brouhaha to some remarks the former Today Show host made five years ago about another commissioner, the NFL’s Paul Tagliabue.

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Where Can You Find the Commissioners of All Four Major Sports?

wsj05.05.09.jpgTomorrow they will be appearing on a panel for The Wall Street Journal. The NHL’s Gary B. Bettman, the NFL’s Roger Goodell, MLB’s Bud Selig and David Stern from the NBA will discuss The Future of Sports (it’s capitalized because it’s Important). WSJ sports editor Sam Walker will moderate and Robert Thomson, editor-in-chief of
Dow Jones & Company and managing editor of the WSJ, will host the event.

According to a release, “the event will address the business of sports, including the challenges and opportunities the leagues face in the current economic climate, as well as issues of competition and matters that are important to fans.”

There will be a live Webcast of the panel on WSJ.com and FoxSports.com starting at 9 a.m.

Terry Semel Inspired As He Chats Up His Former Yahoo! Colleagues

SV20088.jpgDan Cox, on special assignment for FishbowlLA, covering the 2008 Sun Valley Media Conference.

In the Sun Valley Lodge bar last night, where all the good deals are made, an informal pow-wow of sorts for Yahoo! executives and their new partners Google Inc. was underway with Google co-founder Larry Page, Yahoo! President Sue Decker and even former Yahoo! co-chair Terry Semel all having a drink. Semel would later tell a couple of inquiring reporters that the conversation at the table was inspiring.

Semel_7.10.jpgElsewhere in the bar, former Miramax founder Harvey Weinstein ambled in, but refused to say anything to reporters. “I’m not talking to anyone up here,” he said before joining Wendi Deng‘s table.

Amazon’s Jeff Bezos, Gamco Investors Mario Gabelli, NBA commissioner David Stern, ICM’s Chris Silbermann and Page 1 Media’s Isaac Lee were spotted.

Earlier Google. co-founder Sergey Brin lauded the search engine deal they have with Yahoo, saying Yahoo was a “good company with good people,” but he deferred all other questions to Yahoo! chairman Jerry Yang, who is due into Sun Valley today.

Brin was also approached by Sony Corp.’s Katsumi Ihara who wanted to discuss TVs, but Ihara was thrown for a loop when he was told the screen Brin usually used was a Toshiba.

Also, the mystery continues. Just who is Ken Starr? The journos in Sun Valley were all convinced it was the former prosecutor who had a Jones about Bill Clinton. When confronted, this Starr denied any connection to that Starr, who is currently Dean of Pepperdine Law School. But he refused to disclose who or what Starr & Co. actually does.

Lunch At Michael’s: Barry Diller, Bob Iger & The Literary Lioness Club

lunch_at_michaels_logo3.jpg

— DIANE CLEHANE

For those who like their cobb salads served up with a side order of adrenaline, 55th & Fifth was the place to be today. Media moguls and literary lionesses convened their cliques for some lively conversation that kept the dining room buzzing. Esther Newberg and Anna Quindlen enjoyed lively conversation with ABC’s Lynn Scherr and Faye Wattleton in one corner, while NBA commissioner David Stern and Disney honcho Bob Iger kept a much lower profile in the back. The sighting of the power pair set tongues wagging about this morning’s New York Times story that Stern is forming a Chinese subsidiary with some help from a yet to be announced multi-media partner. Has Mickey got game? Stay tuned …

I was lunching with my good pal Chris Madden. The lifestyle maven is everywhere these days: on the cover of Your Good House (her new magazine produced in partnership with Hearst), in her charming ads for her furniture line with JCPenney and in last week’s Home section of The New York Times. The tireless Ms. Madden is celebrating her 30th year in business next Wednesday at a party at the Gramercy Park Hotel in their oh-so-chic rooftop garden. (Massive goodie bag alert!) Cathie Black, Ellen Levine, Random House’s Chip Gibson and jazz man Steve Tyrell are on the guest list. “It’s all gone by so fast!” says Chris, who started out as a publicist for Random House before breaking out on her own and parlaying her eye for all things fabulous into a far-flung empire encompassing a design business (Oprah, Katie Couric and Toni Morrison have been clients), 16 books, an eight-year run on HGTV and her ever-expanding home furnishings line. Chris has always been a believer that those who do well should do good as well and as such, spent much of last spring in Mississippi where she donated the contents of her Vermont warehouse filled with furniture to help survivors of the Hurricane Katrina rebuild their homes.

Here’s the rundown on today’s crowd:

1. Lynn Scherr, Esther Newberg, Faye Wattleton (who left her trench coat on during lunch) and Anna Quinlan.

2. Peter Brown & Jonathan Alter.

3. Ed Rollins and a distinguished looking gent…

4. Jay Cross and Steve Greenberg.

5. A smiling (!?) Barry Diller with an unidentified guest. We’re intrigued by the fact that no one ever seems to know the name of the taciturn Mr. Diller’s lunch guests…

6. Jeff Greenfield, Jerry Della Femina, Gerry Imber and pals.

7. We’re not sure and neither was anyone else…

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