ESPN President John Skipper Resigns Due to Substance Addiction

John Skipper has resigned as president of Walt Disney Co.’s ESPN, citing a substance addiction problem.

Skipper has been at ESPN since 1997 and has run the sports media giant since 2012. Former ESPN President and Executive Chairman George Bodenheimer will serve as acting chair of the company until a permanent successor is named.

“I have struggled for many years with a substance addiction,” Skipper said in a statement. “I have decided that the most important thing I can do right now is to take care of my problem. I have disclosed that decision to the company, and we mutually agreed that it was appropriate that I resign.”

The news comes at a time of change at ESPN, as the network adapts to upheaval in the cable television business model. Last week Disney agreed to a $52.4 billion deal to buy a large portion of 21st Century Fox Inc., a sale that includes all of Fox’s regional sports networks.

Skipper earlier this year signed a contract extension that would have kept him in place through 2021.

Massive floating power plant up and running

The world’s largest floating photovoltaic power station was connected to the grid and started generating power in Anhui province on Sunday, with the remaining capacity to be connected in May, said China Three Gorges Corp, the world’s largest hydropower producer.

Hainan Airlines eyes more flights to US

Hainan Airlines, China’s largest private air carrier, said it is interested in launching more China-US direct flights, as more Chinese travelers are visiting the US, further stimulating the vitality of the market.

China Poly Group seeks additional overseas deals

Beijing-headquartered conglomerate China Poly Group Corp said it will continuously promote its business in both developing and developed countries, further expanding its reach abroad.

Mall owner: Physical retail can thrive, despite e-commerce, with innovation

Although brick-and-mortar retailers have felt the impact of robust online buying in recent years, the in-store shopping experience remains dominant in the retail sector, and online and offline retailing can coexist and cooperate, according to the managing director of HKR International Ltd.

Chinese data companies search for UK partners

Chinese big-data companies are on the hunt for cutting-edge technology from the United Kingdom that they can help upscale and commercialize for China’s huge domestic market.

New BASF investments in China to support auto, chemical industries

Encouraged by China‘s robust growth outlook for automotive and chemical production,German chemical giant BASF SE keeps increasing its investments in China.

DSM arm’s novel tech boosts e-vehicles

The automobile body materials subsidiary of Royal DSM, the Dutch life and material sciences company, has found novel ways to enhance mileage and quality of battery-powered vehicles in China.