RUSH: The problems at ESPN continue. Last April they let go 100 people. That was after they laid off 5% of the workforce in 2015. But the bloodletting wasn’t over.
ESPN is now terminating another 100 people. According to The Hollywood Reporter, the ESPN layoffs will hit employees in a number of divisions and includes some on-air talent and executives.
The downtrend includes their subscriber base, too. In September, at the beginning of football season, ESPN reportedly lost nearly 7,000 subscribers a day.
Over the course of a month, they lost over 200,000 households. They’ve lost over 12 million subscribers in just the last five years. They now have the lowest number in a decade.
ESPN’s management hasn’t figured out why this is happening. They say it’s cord-cutting, but they don’t explain why cords are being cut.
I guess the problems at ESPN will just remain a great big mystery — an unsolved mystery — forever. Kind of like why CNN can’t figure out why nobody watches them.
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