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ESPN Profit Plummets As Network Turns Left
Posted on 2/9/17 at 9:35 pm
Posted on 2/9/17 at 9:35 pm
I know a lot of people don't like Clay Travis, but he nails this one.
ESPN Profit Plummets As Network Turns Left
@Outkick Sports fans are conservative.
quote:
Yesterday afternoon Disney announced its quarterly earnings and something I've been predicting for several years now was at the forefront of most of those stories -- ESPN's income declined 11% compared to last year. The drag on earnings and revenue from ESPN led to a quarterly miss of estimates for ESPN's parent company, Disney. Fortunately for Disney the company has made smart strategic moves in other arenas -- buying Pixar, Star Wars, and Marvel among others -- that have helped to defray the coming collapse of ESPN. So while Disney may not suffer terrible consequences thanks to the success of the Star Wars, Marvel and Pixar films and the continuing popularity of its theme parks -- I'll be spending a ton of money there next week on "vacation" with my kids -- ESPN is a dead company walking.
And the story here is simple -- ESPN is losing millions of subscribers and viewers that add up to billions of dollars a year in losses and is on the hook for tens of billions of dollars in sports rights costs in the years ahead.
ESPN Profit Plummets As Network Turns Left
@Outkick Sports fans are conservative.
18
Posted on 2/9/17 at 9:36 pm to SavageOrangeJug
I find WWE to be liberal skew to be odd...
Posted on 2/9/17 at 9:39 pm to CptBengal
quote:
I find WWE to be liberal skew to be odd...
I agree.
Posted on 2/9/17 at 9:40 pm to SavageOrangeJug
Eh, it could just be cord-cutters.
Posted on 2/9/17 at 9:42 pm to SavageOrangeJug
"Turning left" has little to nothing to do w their financial woes. Their problems are about cord cutters who used to pay for traditional cable packages who were subsidizing ESPN.
Posted on 2/9/17 at 9:42 pm to johnnydrama
quote:
Eh, it could just be cord-cutters.
quote:
Every single day this year ESPN has lost roughly 10,000 cable and satellite subscribers.
Per day!
Think about that for a minute. If your business was losing 10,000 customers every single day how panicked would you be? But that's the exact case with ESPN. Every single day the equivalent of a decent sized American town stops paying ESPN for content. This is the continuation of a trend that began in 2011 when ESPN peaked with 101 million cable and satellite subscribers according to Nielsen. Per Nielsen's most recent estimates ESPN now has 87,859,000 cable and satellite subscribers. That's a loss of over 13 million cable and satellite subscribers in the past several years, costing ESPN in the neighborhood of $1.3 billion dollars per year. ($7.30 a month in affiliate fees x 12 months x 13 million households). That's money that will never return and that's money that is incredibly significant when you consider that ESPN is on the hook for $7.3 billion in yearly sports rights fees, the most any company in the world is paying for content.
Posted on 2/9/17 at 9:43 pm to CptBengal
Oddest to me is monster truck fans being slightly left of center. You'd think natural Trump territory.
Posted on 2/9/17 at 9:48 pm to SavageOrangeJug
Nothing says liberal like monster trucks and WWE and UFC. Someone needs to notify Meryl Streep
Posted on 2/9/17 at 9:51 pm to mwade91383
quote:
"Turning left" has little to nothing to do w their financial woes. Their problems are about cord cutters who used to pay for traditional cable packages who were subsidizing ESPN.
It has something to do with it. On a smaller scale Deadspin's struggles are for the same reason.
Posted on 2/9/17 at 9:51 pm to SavageOrangeJug
Women's tennis...lol
Posted on 2/9/17 at 10:12 pm to maine82
quote:You don't think Trump is a lefty?
Oddest to me is monster truck fans being slightly left of center. You'd think natural Trump territory.
Posted on 2/9/17 at 10:16 pm to SavageOrangeJug
I'm surprised NASCAR isnt further right than it is.
Posted on 2/9/17 at 10:17 pm to SavageOrangeJug
ESPN was bad before the liberal leanings. Twitter ruined ESPN, "celebrity-ism" ruined ESPN, shitty-stupid talking heads ruined ESPN because it was almost as if they thought I was too stupid to know they're just talking bullshite.
Posted on 2/9/17 at 10:19 pm to SavageOrangeJug
So
Republicans watch Golf
Democrats watch the NBA
lol
Republicans watch Golf
Democrats watch the NBA
lol
Posted on 2/9/17 at 10:19 pm to SavageOrangeJug
The WNBA has a higher turnout index than the NBA? I don't get that. Apparently, I don't understand what the turnout index is all about.
Posted on 2/9/17 at 10:20 pm to CptBengal
quote:
I find WWE to be liberal skew to be odd...
r/squaredcircle might as well be r/bernieforpresident
Posted on 2/9/17 at 10:21 pm to jcole4lsu
quote:
r/squaredcircle might as well be r/bernieforpresident
reddit isnt representative of anything approaching reality.
Posted on 2/9/17 at 10:22 pm to SavageOrangeJug
If ESPN turned left I wouldn't have noticed because I haven't watched that shite network in years. Honestly have no idea why anyone does. About 10% of their programming is even about sports.
Posted on 2/9/17 at 10:24 pm to Langland
It means the average WNBA viewer is more likely to vote than the average NBA viewer. It makes sense.
Posted on 2/9/17 at 10:26 pm to TheTideMustRoll
Why doesn't college baseball have a bubble?
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