
Revisiting: ESPN
Kind of a topic out of left field, isn't it? I first looked into ESPN and their missteps almost four years ago now and thought it was time to take a look at them again. The pandemic has not been kind to the Worldwide Leader in Sports. Without live sports, there was no reason to really watch them. Their top on-air talents and executives took a paycut. The station bled money. Now, it's resulted in another round of massive layoffs: Over 500 jobs were eliminated, from what they would say was due to the pandemic.
However, if you look further into it, the pandemic is merely an excuse. It merely hastened the inevitable. Thanks to a cookie-cutter formula for most of its shows and greatly increasing costs for broadcasting rights, ESPN is in a rough situation. This also doesn't get into their greatest threats: Cord-cutting and the rise of internet media/podcasting for people to get their sports fix.
What else is there? This video might explain... hopefully?