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http://www.outkickthecoverage.com/espn-firing-over-a-hundred-employees-today-042617
Wednesday, April 26, 2017
ESPN Is Collapsing in Front of Our Eyes | LifeZette - Clay Travis of the sports website Outkick the Coverage summarized the situation well on Wednesday, writing, “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.” Travis continued: “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.”
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