Quote:
Originally Posted by nfotiu
ESPN is in big trouble right now financially. They are cutting costs and laying off people wherever they can. They lost 3-4 millions subscribers last year alone with cord cutting and cord trimming, and with carriage fees around 7$, that is in the neighborhood of 300 million per year in lost income. The carriage fee racket is starting to burst and will see a lot of bloodshed among cable sports networks in the next couple years.
http://www.fool.com/investing/genera...or-sports.aspx |
Good. The market for pro sports has gotten out of control and it needs a big correction like this. It should hopefully have a domino effect on subscription services and ticket prices.