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More Cuts at ESPN

Discussion in 'Journalism topics only' started by Doc Holliday, Mar 7, 2017.

  1. The Big Ragu

    The Big Ragu Moderator Staff Member

  2. Michael_ Gee

    Michael_ Gee Well-Known Member

    My son has a friend who had a senior editor's position at ESPN the Magazine. He found another gig in NYC at the end of summer and left as soon as he could. He told my son months ago he was far from the only one looking to bail.
     
  3. The Big Ragu

    The Big Ragu Moderator Staff Member

    The announcement coincided with Disney reporting some disappointing earnings. ESPN still drives a ton of revenue and it is a money maker. But it's moving in the wrong direction. Operating income for ESPN was down more than 1 percent compared to the same period last year. It still made $1.25 billion over the 3 months... but ad revenues are down and rights fees are up. And at a time that they are losing subscribers. In 2010, they had 100 million homes. They are down to 87 million and the cord cutting has been picking up.

    Objectively, it is interesting. ESPN was a cash cow for Disney for the longest time; something it didn't have to think about. The tide has really turned and without that piece growing the way it used to, Disney as a whole is really struggling -- there is no growth there. ESPN is actually a relative bright spot, as bad as the trajectory is starting to look. ABC's operating income was down 15 percent from a year ago. The film studio's operating income was off 43 percent.

    Anyhow, it is going to bring about more layoffs. It sucks.
     
  4. clintrichardson

    clintrichardson Active Member

    The thing I am curious about was that after ESPN's last round of layoffs, they then hired a bunch of new people. Now more layoffs. It's strange to me how they go steps back, one step up as it were.
     
  5. Vombatus

    Vombatus Well-Known Member

    If I could draw a picture of a cow sticking its head up its own ass, I would paste it here.
     
    BurnsWhenIPee likes this.
  6. Jake_Taylor

    Jake_Taylor Well-Known Member

    My guess would be they feel like they need to produce close to the same amount of content they always have, but do it cheaper. So new, cheaper people.
     
    Vombatus likes this.
  7. Vombatus

    Vombatus Well-Known Member

    Ok. Good point. Then I'll draw a cheaper cash cow sticking its head up its own ass.
     
  8. BTExpress

    BTExpress Well-Known Member

    Yes, and one of those newer, cheaper people will be replacing Tennessee-coach-in-waiting-John Gruden. ;)
     
  9. Doc Holliday

    Doc Holliday Well-Known Member

    Wonder if Jamele will survive this round of cuts.
     
  10. HanSenSE

    HanSenSE Well-Known Member

    Some structure changes are needed. The games are their bread and butter, of course, and they're tied into some long-term deals, The rest? SportsCenter is a disaster at night (save SVP) and, save for Around the Horn, PTI, Outside the Lines and the college football and NFL dailies, I'd throw out the rest of the dayside too.
     
    Doc Holliday likes this.
  11. Doc Holliday

    Doc Holliday Well-Known Member

    Agree with most of this statement. I absolutely can't stand the Talking Heads shows. I don't give a shit about 99% of what they say or their opinions. They need to stick to games, news, and long-form features like 30 For 30.
     
    bpoindexter and Vombatus like this.
  12. Moderator1

    Moderator1 Moderator Staff Member

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