Report: ESPN Is Laying Off Hundreds Of People

[osu1991]

Guess paying out the wazoo for all these sports rights is finally taking its toll.

http://www.businessinsider.com/report-espn-is-laying-off-hundreds-of-people-2013-5

http://deadspin.com/source-espn-laying-off-hundreds-509043249

The Deadspin report points out that while the network has been a driver of money, ESPN has been making very large investments to secure television rights to events, and such deals are likely cutting into profit margins.

 

[Ramy]

They need to quit spending money like it is water on these sport contracts.

 

[cosmo_kramer]

They need to quit spending money like it is water on these sport contracts.

How else are they supposed to maintain their status as a "must have" channel??

 

[Ramy]

How else are they supposed to maintain their status as a "must have" channel??

:haha