ESPN has made the wrong decision, or should I say the ‘left’ decision?
They have decided to voice their liberal opinion, and in result, they are losing about 10k subscribers a day! At the average $7 a person, that is a substantial blow!
MarketWatch said, “A floundering ESPN, with rising costs and declining viewership, continued to sink Disney’s financial results during its fiscal first quarter.”
Disney, ESPN’s parent company, is also suffering with the losses. You would think that they would be doing just fine with their other franchises. However, their 1Q revenue is down by 3%, and their profit margin is down by 14%. Yikes!
“The world-wide leader in sports lost subscribers, while average viewership and advertising rates declined and programming costs grew.” -MarketWatch
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