Mass Layoffs, But Few Lessons Learned At ESPN

Today ESPN announced the layoffs of around 100 employees, including some of very highly respected and recognizable, on-air talent, such as Trent Dilfer, Jayson Stark, and Ed Werder.

ESPN’s bottom line has been hurt by the expensive broadcast fees it pays to air live sports, coupled with an increasing number of “cord-cutters”, typically younger viewers opting out of cable or satellite fees in favor of less expensive entertainment options, like NetFlix, Amazon Video, or Hulu. But ESPN has also remade itself into a highly politicized network, and now its starting to affect business.