Good article explaining the rapid death of ESPN

[redrumloa]

The rate ESPN has been losing subscribers is rather breathtaking. One has to wonder how long it will be before Disney cuts bait? Or does publicly traded Disney really care more about fringe far left politics than it does shareholders?

Fox News Enjoys Best Year Ever as ESPN Suffers Through a Terrible, Horrible, No Good, Very Bad Year

ESPN, which has bled almost 10 million subscribers since its peak at 99 million in 2013, lost well north of a million subscribers in the last quarter of 2016.

The same factor, politics, that explains Fox’s jump explains ESPN’s fall.

ESPN broadcast a town hall on race featuring President Barack Obama. The network turned its ESPY awards into a Black Lives Matter infomercial a year after allowing Caitlyn Jenner lecture America on transgenderism at the 2015 show. The Worldwide Leader in Sports fired Curt Schilling for re-posting an internet meme conveying that men belong in the men’s room and ditched Mike Ditka days after he called Obama the worst president in history. The network’s uniformly left-wing talking heads tripped over themselves to cheer Colin Kaepernick and boo his detractors.

 

[redrumloa]

The rate ESPN has been losing subscribers is rather breathtaking. One has to wonder how long it will be before Disney cuts bait? Or does publicly traded Disney really care more about fringe far left politics than it does shareholders?

Massive ESPN Financial, Subscriber Losses Drag Down Disney’s First-Quarter Sales

Bloomberg reports that ESPN badly hurt Disney’s first quarter sales, falling well short of projections.

According to The Wrap, “Cable networks, particularly ESPN, have been an albatross on Disney’s stock price even as the company’s two other major prongs, movies and theme parks, continue to perform well. As cheaper TV alternatives began to proliferate, ESPN hemorrhaged subscribers during the course of 2016 and is now at less than 88 million, compared with a peak of 100.1 million in 2011. At an estimated $7 per subscriber, that dip has been a substantial hit to Disney, especially considering media networks made up 49 percent of Disney’s profits during fiscal 2016.”

In other words, everyone else at Disney met or exceeded their projected goals, except for ESPN who lost more than twelve million subscribers in just under six years.