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ESPN will lay off around 100 of its on-air and online anchors, reporters and analysts today, sources tell THE DAILY. So far, no specific names have been confirmed; they are expected to start becoming public this morning. ESPN is not announcing officially who is getting let go. Most of the people who are being laid off are not based in Bristol, which means much of the talent will learn their fate via a phone call.
Rumors of the job cuts have been swirling for months. With a declining subscriber base (ESPN has lost more than 1 million subs since January, according to Nielsen) and increased rights fees (ESPN’s new multi-billion dollar deal for the NBA started last fall), ESPN needed to make budget cuts. A year and a half ago, ESPN laid off around 300 employees for many of the same reasons. Back then, the names were not well known to most of ESPN viewers. Today’s cuts will include names that viewers know well.
http://www.sportsbusinessdaily.com/Daily/Morning-Buzz/2017/04/26/ESPN-cuts.aspx
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Non-stop NBA coverage became too expensive?
Rumors of the job cuts have been swirling for months. With a declining subscriber base (ESPN has lost more than 1 million subs since January, according to Nielsen) and increased rights fees (ESPN’s new multi-billion dollar deal for the NBA started last fall), ESPN needed to make budget cuts. A year and a half ago, ESPN laid off around 300 employees for many of the same reasons. Back then, the names were not well known to most of ESPN viewers. Today’s cuts will include names that viewers know well.
http://www.sportsbusinessdaily.com/Daily/Morning-Buzz/2017/04/26/ESPN-cuts.aspx
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Non-stop NBA coverage became too expensive?