The cost of supporting social justice causes.
Via The Smoke Room:
ESPN’s downfall continues, and a dwindling number of subscribers has resulted in over $1 billion in lost revenue.
Clay Travis wrote the following Friday on Outkick The Coverage:
Yesterday Disney announced in its yearly 10K filing that ESPN lost another two million subscribers in fiscal year 2018.
ESPN now has 86 million subscribers, down from over 100 million subscribers in 2011.
Now the positive for ESPN is that the rate of subscriber decline seems to have slowed this year, but the negative is that since 2011 ESPN has now lost 15 million cable and satellite subscribers. Those 15 million lost subscribers equate to $1.44 billion a year in lost yearly revenue that ESPN will never be able to book. (This is based on an $8 a month subscriber cost for ESPN multiplied by 12 months in the year.) Again, this isn’t just a one time yearly revenue loss, this is a loss in yearly revenue forever.
You just hate to see it. You just hate to see a network that once had so much pride before selling out to liberal politics now have people cutting and running. Just hate it!