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re: ESPN laying off over 100 on air employees

Posted on 4/26/17 at 12:26 pm to
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 4/26/17 at 12:26 pm to
quote:

Not sure if posted already. But this is pretty much what the board has been discussing for a while now with ESPN & their liberal bullshite. Hate to see some of the good people they have lose their jobs, but this was pretty inevitable.


this has mostly to do with people cutting the cord, and not their liberal bullshite.
Posted by CorporateTiger
Member since Aug 2014
10700 posts
Posted on 4/26/17 at 12:29 pm to
ESPN happens to be in a business that is most prone to cord cutting.

The ability to get sport scores and highlights on the internet is really killing their ratings regardless of politics.
Posted by BugAC
St. George
Member since Oct 2007
53109 posts
Posted on 4/26/17 at 12:37 pm to
quote:

this has mostly to do with people cutting the cord, and not their liberal bullshite.


no it doesn't. it has to do with

quote:

he people being fired at ESPN today aren't being fired because they are bad at their jobs, they're being fired because ESPN's business is collapsing. That collapse has been aided by ESPN's absurd decision to turn into MSESPN, a left wing sports network, but that's more a symptom of the collapse than it is a cause of the collapse. ESPN's business is collapsing and the network is desperately trying to find a way to stay above water. You know how a drowning person flails in the water before slipping under? ESPN's left wing shift is that flailing. They think going left wing will save them.

The reality is the opposite, ESPN going left wing was like giving a drowning person a big rock to hold and thinking it would keep them from drowning. Instead, it just made them sink even faster.

That's why ratings are down 16% this year compared to last year and viewers are abandoning the network in droves.


quote:

ESPN spent way too much on sports rights just as its cable and satellite subscriptions began to collapse. On track for $8 billion in programming costs in 2017, ESPN will rack up its 15 millionth lost subscriber since 2011. Every single day so far in 2017 over 10,000 people have left ESPN. The numbers are astonishing and the collapse is rapid. All those lost subscribers add up to big money -- that's over $1.3 billion a year in money that comes off ESPN's books every year. And ESPN is on the hook for billions and billions a year for all the years ahead. That's guaranteed payments to leagues that ESPN can't escape no matter how many employees it fires.
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