Posted on 09/21/2017 4:13:31 PM PDT by Hojczyk
If NFL fans continue to turn away from football, the TV networks could lose as much as $200 million in earnings, according to a new report.
After ratings for Week Two crashed, adding to the angst already felt by a poor showing in Week 1, industry insiders and analysts are sounding the alarm.
A new report claims that CBS, ESPN, Fox and NBC could take a $200 million hit to their estimated $2.5 billion in NFL advertising earnings if fans continue to turn off the TV, the The Hollywood Reporter noted recently.
The worries over earnings are not allayed by the fact that this season’s Week Two is the lowest mark for CBS since 1998. And the first two games of the season are down double-digits at a multi-year low compared to last year.
Guggenheim Securities analyst Michael Morris told THR that he had hoped the 2017 season would be better than last year, but admitted that “early results do not support this optimism.”
“Since the NFL season opened Sept. 7, shares of NBC parent Comcast are off 9 percent, ESPN parent Disney has seen its stock drop 3 percent and shares of CBS are down 5 percent,” THR wrote. “Only shares of 21st Century Fox have risen in that time frame, up 2 percent.”
Not only do analysts see a fall in ad revenue, but this decline may also result in falling stock prices for the networks.
(Excerpt) Read more at breitbart.com ...
I will get flamed for snark here, but, are we really saying that McDonald’s uses beef???????
Ironic. A sport that pays blacks millions of dollars a year is being destroyed by people too ignorant to be grateful to a country that makes millionaires out f street kids.
Go figure.there are some smart guys out on that field who love this country but they are allowing a handful of misfits kill the goose that lays the golden eggs
Oh boo hoo, boo hoo; I’m really crying over the networks losing money!!!
Time to revoke the NFL anti-trust exemption!
Is that my heartstrings being tugged? Nah, just gas...
These ingrates will stop this crap when the league tells them that they are lowering the salary cap and they have to take pay cuts.
It depends on what the meaning of the word ‘beef’ is..
Anything which robs that vile propaganda system of life, is a good thing in my estimation.
Problem for the NFL is the really poor quality of play. Games are boring!!!
Enemy networks, and the NFL, all losing money?!? I love good news!
I remember Johnny Carson one night.
He said “McDonald’s claims over 1 billion burgers sold”.
(pause)
“And nearly 1/4lb of beef has been used to make them.”
If you work at McDonalds, do you have the right to protest the beef industry while at work?
Go Zags! Awesome season, finally finally.
LOL. Yep whatever is in McDonald’s hamburgers, it’s definitely not what is found in your supermarket, or in burgers at other places.
Those black millionaires don’t respect the US flag but they love all those US dollar bills.
The nfl and the nba make millionaires out of more blacks than any other known pathway. G’bye.
If tonight’s Rams/Niners game is a stinker in front of acres of empty seats, and the ratings take an even greater plunge, we could see panic in the upper echelon of the league and the networks.
If you tune in on the game tonight for only a minute just to see the attendance, does it effect viewership statistics?
And attendance is down in some places.
The Rams barely fill up.half of LA Coliseum.
The Chargers can’t even sell out their 27,000 seat temporary home at a soccer stadium.
Could football be on the decline in popularity? We’ll see.
Decades ago, horse racing and boxing were very popular. While they are still out there, they have greatly declined from their peak popularity. The NFL could find itself heading in that direction.
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