If you don’t already know, The Walt Disney Company owns ESPN, and it is causing a major drag on their stock price.
According to reports, ESPN is losing tens of thousands of subscribers per day. In fact, Breitbart reports that ESPN lost a massive 480,000 subscribers in October alone! Now, the employees of the failing sports network are about to receive even more bad news over the holiday season.
According to the NY Post, ESPN is set to layoff up to 100 MORE employees this month on top of the hundreds they just let go. Now, we are not here to “celebrate” anybody losing their job, but we are simply exposing the consequences of ESPN’s consistent Trump-bashing content.
Here’s more from their report:
The cords keep getting cut, and the axes keep swinging.
ESPN will lay off more than 100 employees after Thanksgiving, according to a Sports Illustrated report Thursday, affecting talent all over the company, from front-facing TV personalities to technology staffers.
A particular target of this round of layoffs will be “SportsCenter,” once a tentpole hit that has become increasingly irrelevant and increasingly less frequent. On-air talent will be laid off from the program, SI reported.
The triple-digit number represents an escalation from the first report that outlined ESPN’s coming troubles, as Sporting News reported Oct. 28 that 40 to 60 members of the Worldwide Leader workforce would be laid off.
As traditional TV becomes less a staple of the household and with ESPN tied up in exorbitant contracts to air live sports events, the network has seen declining gains, and multiple rounds of layoffs.
The previous chapter came in late April, when ESPN dumped about 100 workers, forward-facing talent included. Now, it’s deja vu.
“Queasy” was how one anchor termed what ESPN employees are feeling, according to SI.
Maybe they should stop focusing on their radical left wing politics and stick to SPORTS.
What a novel concept, right?