Posted on 11/23/2018 1:36:37 PM PST by yesthatjallen
ESPN lost 2 million subscribers in the past 12 months, according to an annual earning report released by Disney, the sports network's parent company.
The report underscores the impact that increased cord-cutting is having on traditional cable, with streaming options and the fractional comparative costs creating big challenges for networks like ESPN. Subscriptions account for more than 60 percent of ESPN's revenue.
Overall, ESPN is responsible for almost 30 percent of Disney’s value, according to a 2017 Forbes report. Overall, according to the financial magazine, ESPN has lost nearly 12 million subscribers since the end of 2013, dropping from approximately 98 million to 86 million.
Disney's earnings report also showed that ESPN was able to gain with ESPN+, which features live and archived streams of action from regional networks from across the country. Overall, in the past five months alone, ESPN+ has added 1 million subscriptions, helping somewhat offset the past year's loss of cable subscribers.
On the cable news front, audiences continue to skew older. The median age of a CNN viewer was 61 in 2017, according to Nielsen data, making its average viewership the youngest of the big three cable news offerings. MSNBC's media age was 63 and Fox News Channel's was 66.
As a result, all three cable news networks are now devoting considerable resources and energy toward streaming offerings and digital subscription content.
For what the sjws have done and the men have all went along with, i hope all sports and sports reporting all dies a horrible death.
When I watch football and basketball on ESPN. I turn the sound off. I can call my own game. But, mostly, I’m a radio person.
No mention of their support of knee bending.
Well Gee Whiz, I wonder why they’re losing viewers?
They don’t seem to have figured it out yet either.//
GOOD
In addition to “cord cutting,” ESPN’s problem is competition. NBC, CBS & Fox are all running their own sports channels now, plus you have regional college sports channels, TBS, etc. The sports fan simply has more choices than ever before, making ESPN less of a must-have.
I’ll give ESPN some credit for ridding themselves of SJW #1 when they sent Jemele Hill down the road. Organizational leadership was very stubborn with their inability to read the tea leaves because it should have been done long before it was. ESPN is now a victim of their primary chosen partner, the NFL, and the inability of the league to respond effectively to discipline employees.
Even when my favorite MLB games were on ESPN I refused to watch. Let them eat crap.
I don’t understand how you can drop ESPN unless you cut cable. If that’s what they’re saying then lots of other cable networks lost subcribers. FOX, MSNBC, FOXsports, etc.
And that means the letter networks would have gained viewer’s when the cable is cut. Most will start watching the networks on antenna.
After a while, if you're like most you'll discover you hardly miss them and rarely bother to "tune in".
It’s not just ESPN.
I think ALL TV cable is ultimately DOOMED.
Anyone under 20 is watching their phones and computers.
The Trump curse is real.
It’s just the cable bleed. But it’s slowing. The bottom is soon.
Radio much better.
Mostly correct.
If I read the numbers right, it’s called ‘coverage’. The count of dropped subscribers are those who completely cancel cable that includes ESPN, as well as those who drop tiers that include ESPNU and such, along with those who refuse cable providers offer of ESPN as an ala carte choice.
Conservatives have successfully boycotted newspapers, magazines, CNN, the cinema, football and now ESPN but only Trump takes a bow. These are major victories and should be used to bolster morale.
ESPN’s problem they massively overpaid for the broadcasting rights to the NFL, and NBA they could’t make it up in ad revenue because they veered off to political thus turning off the casual viewer and dudes like me who don’t want political nonsense in any sports right or left.
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