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Colors for Children to Learn with Ice Cream, Lollipop, Potato chips, Wooden Slots Educational Videos - Duration: 2:02.
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ESPN Falling Apart at the Seams, Prepares for $80 Mil in Salary Cuts - Duration: 4:33.
With dramatic increases in recent years of both "cord-cutting" — consumers ditching
cable or satellite TV packages — and a leftward political bias, the ESPN sports network has
been struggling to remain profitable and successful.
In October 2015, the network laid off some 300 workers, many of them long-term ESPN employees.
It laid off an additional 100 on-air hosts, analysts and reporters in April 2017 — but
it is now getting ready to pull the trigger on a third round of layoffs, according to
an early November report from Sports Illustrated.
Another 100-plus employees — including on-air talent as well as executives, producers and
staffers behind the scenes — are expected to be let go at some point after the Thanksgiving
holiday.
Sporting News reported Tuesday that those layoffs are expected to slash roughly $80
million in salaries and other associated costs.
ESPN has declined to comment on the reports.
Worried rumors regarding the impending layoffs are reportedly swirling around the halls of
ESPN's headquarters in Bristol, Connecticut, as employees prepare for yet another shake-up.
An unnamed source at a rival sports network revealed to Sporting News that some of those
worried ESPN employees have already begun sending out their resumes to competitors,
"just in case."
There are some ESPN employees who survived the previous rounds of layoffs and expect
they will survive again.
However, the uncertainty is affecting just about everyone.
As one source told Sporting News: "The narrative from many long-timers still there is: 'I
know my day is coming.
It's not if.
It's when.'"
That would appear to hold true for the suit-wearing executives as well.
The source told Sporting News, "It was reported that cuts (are) being made later in year to
allow some folks to get stock they are eligible for in January.
Management level gets stock."
Of course, more on-air talent could be let go as well, particularly those from the "SportsCenter"
division of the network.
Chief among them is SC anchor Jemele Hill, who garnered quite a bit of attention in recent
months by violating the network's social media policies multiple times by using Twitter
to attack President Donald Trump and Dallas Cowboys owner Jerry Jones.
Hill had received a two-week suspension, and though the liberal management at ESPN may
be loathe to cut Hill — as that may be perceived as an ultimate win for Trump — such a cut
may be necessary.
Hill has likely alienated as many viewers as new ones she might have brought in with
her increasingly politicized talk in relation to sports.
However, Hill most likely wouldn't be out of a job for long, as she would likely be
picked up by CNN or MSNBC — possibly even given her own program from which to wage her
liberal war against conservativism in this country.
As for ESPN's financial woes, a lengthy and in-depth report in June from the Sports
Business Journal revealed just how bad the network is hurting, and how it did it to itself.
That report didn't dwell on politics, but pointed out that "cord-cutting" by viewers
shedding cable and satellite packages has resulted in ESPN losing an estimated 13 million
subscribers over the past six years.
Given the current affiliate fee of $8 per month per subscriber, that works out to a
loss of roughly $1 billion annually in expected revenue.
That lost revenue has only compounded the fact that ESPN paid huge amounts to secure
the broadcast rights for the NFL and NBA, among other professional and college sports
leagues, according to Sports Business Journal.
Additionally, ESPN also offered inflated salaries and benefits with guarantees to many star
employees to keep them from joining competing networks.
ESPN is hurting greatly right now, and though it will no doubt survive this latest round
of layoffs, it will be a bit leaner afterwards.
Hopefully, at some point in this process, the network will assess what went wrong and
make the necessary corrections.
Getting rid of the liberal politics would be a good place to start.
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