re: Sources: ESPN laying off hundreds

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There was an article in S.Illustrated a few mths back, to the effect ESPN earned $6 B in subscription revenue, $3 B in ad revenues, for a total of $9B in revenues last yr. It concluded that it was a $42 B revenue corporation. And it needs to increase its profit margin?

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what did the article say about ESPN's costs? being a high revenue generator does not mean, in any way shape or form, that you have a healthy profit margin.