Following a strategic review, Nielsen shared on Thursday it plans to spin off its Global Connect business, which measures retail sales, into a standalone publicly traded corporation. The company’s media business, the one that measures TV ratings, will remain under the purview of CEO David Kenny.
“Nielsen has two strong and global franchises — Global Media and Global Connect. Following an extensive review process, which included an in-depth analysis of our businesses, strategies and market opportunities, the board concluded that separating into two independent, publicly traded companies is the best path to position each business for long term success and maximize value creation,” said James Attwood, the chair of Nielsen’s board of the directors and the man who led the strategic review.
“As independent companies, both Nielsen — the Global Media business — and the new company consisting of Global Connect will enjoy added flexibility and further strengthen their paths toward a new phase of growth,...
“Nielsen has two strong and global franchises — Global Media and Global Connect. Following an extensive review process, which included an in-depth analysis of our businesses, strategies and market opportunities, the board concluded that separating into two independent, publicly traded companies is the best path to position each business for long term success and maximize value creation,” said James Attwood, the chair of Nielsen’s board of the directors and the man who led the strategic review.
“As independent companies, both Nielsen — the Global Media business — and the new company consisting of Global Connect will enjoy added flexibility and further strengthen their paths toward a new phase of growth,...
- 11/7/2019
- by Tony Maglio and Sean Burch
- The Wrap
Measurement giant Nielsen Holdings has picked David Kenny as its new CEO, succeeding Mitch Barns, who had announced his retirement after 22 years at the company.
Kenny will join Nielsen from Ibm, where he led the tech company’s Cognitive Solutions unit and helped develop Ibm Watson and lead cloud computing efforts. He starts at Nielsen on December 3 and will have a bit of overlap with Barns, whose exit is effective December 31.
Along with announcing the CEO, Nielsen said its board is continuing to conduct a previously announced strategic review, which could result in a number of outcomes, including a reorganization of the company’s business units or even a sale of the entire company. Nielsen has engaged outside advisers to guide the process and said it would “provide further updates as appropriate.”
Before Ibm, Kenny was Chairman and CEO of The Weather Co., joining Ibm after their acquisition of The Weather Co.
Kenny will join Nielsen from Ibm, where he led the tech company’s Cognitive Solutions unit and helped develop Ibm Watson and lead cloud computing efforts. He starts at Nielsen on December 3 and will have a bit of overlap with Barns, whose exit is effective December 31.
Along with announcing the CEO, Nielsen said its board is continuing to conduct a previously announced strategic review, which could result in a number of outcomes, including a reorganization of the company’s business units or even a sale of the entire company. Nielsen has engaged outside advisers to guide the process and said it would “provide further updates as appropriate.”
Before Ibm, Kenny was Chairman and CEO of The Weather Co., joining Ibm after their acquisition of The Weather Co.
- 11/20/2018
- by Dade Hayes
- Deadline Film + TV
Nielsen has picked its new CEO: David Kenny, previously head of Ibm’s artificial-intelligence unit and former chief exec of the Weather Company.
Kenny succeeds 22-year Nielsen veteran Mitch Barns, who as previously announced is retiring from the media-measurement company. Barns, who had been CEO since 2013, will step down as chief executive officer on Dec. 3, and will remain with the company until Dec. 31 in an advisory capacity to Kenny.
In a statement, Nielsen exec chairman James Attwood said Kenny’s “decades of experience in Big Data, artificial intelligence, cloud technologies, and media make him perfectly suited to lead Nielsen at this critical time.”
Kenny’s appointment comes as Nielsen continues to undergo a strategic-review process, including a potential sale. According to the company, the board’s review could result in a separation of either Nielsen’s Watch or Buy segments, a sale of the entire company, or Nielsen continuing to...
Kenny succeeds 22-year Nielsen veteran Mitch Barns, who as previously announced is retiring from the media-measurement company. Barns, who had been CEO since 2013, will step down as chief executive officer on Dec. 3, and will remain with the company until Dec. 31 in an advisory capacity to Kenny.
In a statement, Nielsen exec chairman James Attwood said Kenny’s “decades of experience in Big Data, artificial intelligence, cloud technologies, and media make him perfectly suited to lead Nielsen at this critical time.”
Kenny’s appointment comes as Nielsen continues to undergo a strategic-review process, including a potential sale. According to the company, the board’s review could result in a separation of either Nielsen’s Watch or Buy segments, a sale of the entire company, or Nielsen continuing to...
- 11/20/2018
- by Todd Spangler
- Variety Film + TV
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