Sports giant ESPN has announced the layoff of 100 employees today. The struggling sports network is owned by The Walt Disney Company and the Hearst Corporation. Over the last several years the network has lost more than 10 million subscribers, while the cost of broadcasting major sports has continued to rise. ESPN has made the decision to focus on their digital presence moving forward. This shift will cut jobs for the on air personalities at ESPN, many of which are well known.
ESPN President John Skipper released this statement, “Today, we are again focused on a strategic vision that will propel our vast array of networks and services forward …Dynamic change demands an increased focus on versatility and value, and as a result, we have been engaged in the challenging process of determining the talent—anchors, analysts, reporters, writers and those who handle play-by-play—necessary to meet those demands.”
What do you think of ESPN shifting their focus to a more digital presence?
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