There's some serious cost-cutting going on at ESPN — and it should make everyone nervous
There are major cost-cutting measures underway at ESPN.
And it should make everyone — yes, everyone: sports leagues, cable companies, advertisers, ESPN employees — nervous.
According to a report from The Hollywood Reporter, the so-called "Worldwide Leader in Sports," is currently looking to cut $100 million from its 2016 budget and $250 million from 2017. And these cuts are coming from the top: ESPN's parent company, Disney, is demanding savings.
The first thing ESPN has reportedly done to trim costs is save on talent. But Keith Olbermann and Bill Simmons leaving ESPN will not save $250 million in 2017.
A report from The Wall Street Journal, however, makes it seem like these cuts aren't just about saving money, but are really moves that seem to be made in response to a quick devolution of the company's business model.
LINK
There are major cost-cutting measures underway at ESPN.
And it should make everyone — yes, everyone: sports leagues, cable companies, advertisers, ESPN employees — nervous.
According to a report from The Hollywood Reporter, the so-called "Worldwide Leader in Sports," is currently looking to cut $100 million from its 2016 budget and $250 million from 2017. And these cuts are coming from the top: ESPN's parent company, Disney, is demanding savings.
The first thing ESPN has reportedly done to trim costs is save on talent. But Keith Olbermann and Bill Simmons leaving ESPN will not save $250 million in 2017.
A report from The Wall Street Journal, however, makes it seem like these cuts aren't just about saving money, but are really moves that seem to be made in response to a quick devolution of the company's business model.
LINK
