Microsoft is significantly scaling back on its Nokia unit, acquired just 14 months ago, with another major round of layoffs. The Seattle area based company will cut 7,800 jobs to write off $7.6 billion, nearly all the value of its Nokia phone business. “I am committed to our first-party devices including phones,” CEO Satya Nadella wrote in an email to employees. “We are moving from a strategy to grow a standalone phone business to a strategy to grow and create a vibrant Windows ecosystem that includes our first-party device family.” The new plan will focus on three different Microsoft Windows phone customers: business owners who want management apps and security; buyers in the market wanting less expensive phones; and Windows’ users. According to Bloomberg, previous Microsoft CEO Steve Ballmer and the Board of Directors (including Nadella) were not on the same page when the Nokia devices and services unit was first purchased. Last year, Nadella nixed a staggering 18,000 jobs, mostly from the smartphone sector of the biz. In June, Microsoft announced that it would sell its online display advertising business to AOL.
E! has opted not to renew The Royals. However, according to Deadline, the network’s only remaining scripted series is being shopped by its leading producing studio, Lionsgate TV, and talks are underway with Pop for a possible fifth season pickup.
HGTV picked up a second season of Boise Boys. The series delivered solid ratings in its freshman run, helping the network consistently rank as the #1 cable network among upscale women 25-54 in its Thursday 11p timeslot.
Big changes ahead for the Davis Cup. The ITF AGM today voted in favor of reforms to the Davis Cup by BNP Paribas designed to “secure the long-term status of the competition.” Starting next year, the competition will see 18 nations and the world’s best players compete in a week long season finale to crown […]
The quest for the College Football Playoff National Championship Trophy is literally getting animated, courtesy of a partnership between ESPN and Marvel that sees the launch of four comic book covers that feature school mascots facing off over Labor Day weekend. This will mark the fifth consecutive year that the two companies have teamed up […]
USA Network is not picking up Shooter for a fourth season. Currently in season three, the drama is averaging 471,000 viewers A18-49 and 1.5 million total viewers in Live+3 Nielsens. The show, based on the novel Point of Impact, has had its challenges, including a delayed debut prompted by real-life shootings, and a shortened second […]