More layoffs are coming to ESPN, according to a report on Monday from Sports Illustrated's Richard Deitsch.
Report: ESPN's next round of layoffs is going to include on-air personalities
A report on Monday from Sports Illustrated said that more layoffs are coming to ESPN, only this time to some writers and TV personalities.
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In October 2015, ESPN laid off north of 300 employees, mostly behind the scenes people. Now, Deitsch reports that layoffs will come to "talent" — ESPN parlance for writers and on-air personalities.
From SI:
Last month, Disney, ESPN's parent company, reported a lower-than-expected revenue during its fourth quarter, in part because of a drop in ad revenue from ESPN. ESPN also continues to lose subscribers at an alarming rate.
Between skyrocketing rights fees (ESPN pays north of $4 billion for the NFL and NBA alone), and the continual loss of subscribers (mostly as a result of cord-cutting), ESPN is losing close to a billion dollars per year. The company needs to trim the fat, and as Deadspin notes, dumping some salaries is one clear way to do that.