David Levy’s tenure with the Brooklyn Nets lasted only two months. The former Turner president is stepping down as CEO of the NBA franchise.
“David Levy is a respected media executive and a friend. Truly appreciate his efforts in the past few months,” Nets owner Joe Tsai wrote on his Twitter account on Tuesday. “I wish him well in his next endeavors.” Levy broke the news to Bloomberg in an interview, saying, “We mutually agreed to part ways.”
Levy was also the president of J Tsai Sports, the sports investment and holding vehicle controlled by Tsai, the co-founder of Chinese conglomerate Alibaba. Additionally, Levy was set to join Tsai’s family office as a venture partner, with coverage of sports, media and entertainment investments globally.
Earlier this year, Levy left Turner where he had served as president since 2013 (and had been with the company since 1986). His exit was part of a larger shakeup at WarnerMedia under its new owner, AT&T, which also saw the departure of longtime HBO CEO Richard Plepler.
During his long tenure with Turner, Levy was instrumental in negotiating key media rights deals, most notably with the NBA (for TNT) and MLB (for TBS). Levy also helped orchestrate Turner’s partnership with CBS Sports to broadcast the NCAA Men’s Basketball Tournament, which began in 2010. This included TBS becoming the first cable network to air the Men’s Basketball Final Four and National Championship Game, which it did starting in 2016, and again in 2018. That arrangement with CBS and the NCAA extends through 2032.