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Is there a good article addressing ESPN's financial difficulties and its impact on professional sports revenue?
Quote from: footey on May 07, 2017, 11:58:29 AMIs there a good article addressing ESPN's financial difficulties and its impact on professional sports revenue?Not much, as ESPN's financial numbers are part of the larger Disney/ABC media network. But having worked in that division for 8+ years, I would venture to guess that ESPN is still profitable but just not providing revenue at the projected returns. Disney cares about shareholder return and profitability margins, with their Media networks driving 3x that of theme parks and 5x that of theatrical movie releases. Those revenues consist of ad sales dollars, carriage fees from providers and syndication/program sales of content globally.Hope this helps
Also doesn't help they are so PC and lame. No diversity of thought whatsoever.
If ESPN were to file for bankruptcy protection and the Court were to void the contract ESPN has with the NBA, I wonder what the ripple effect would be. Would the owners be responsible for paying the salaries that were determined based upon the declared salary cap or is there a protection included in the CBA that lowers the salary cap should ESPN be declared insolvent?
With all the firings and no good shows it seems to me this network is in critical condition. Has there ever been a network that just died?
Quote from: rondohondo on May 07, 2017, 12:45:23 PMAlso doesn't help they are so PC and lame. No diversity of thought whatsoever. That has nothing to do with the problems. Not to mention half their shows are people yelling at each other so obviously there are plenty of differences of opinion.