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Sunday, October 25, 2015

Report: ESPN (TV) To Cut 350 Jobs

Report: ESPN (TV) To Cut 350 Jobs
Oct 21st 2015, 04:42
Bloomberg is reporting that the sports network, confronting rising programming costs and a loss of viewers, will eliminate as many as 350 positions, and that announcement could come as early as today. In August Disney announced earnings at its cable networks won't meet company forecasts due to subscriber losses and currency translation. Bloomberg reports that Disney has the second-largest long-term commitment to sports programming at $44.2 billion. And that did not include its long-term agreement with the NBA.