You’re an old fart too!
ESPN "Red Wedding" today ...
- Thread starter WhosYourDawggy
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It's been ages since I watched ESPN (or any other sports anything) other than the actual game itself.
I'm pretty sure most of them will be okay and not homeless in the streets because they lost their job.
I'm pretty sure most of them will be okay and not homeless in the streets because they lost their job.
Can't wait to watch their new show, "Pardon the Terminations."
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Did you win the internet again? While youre crushing things, go ahead and meatspin that sea cow for me.
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First Take,.... your things and put them in a box, and security will escort you out.
They probably hired these guys to decide who to let go.
fordman84
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Have you not paid attention to what happened to the Fox/Diamond Sports stuff? Contracts were made with the thought that subscription volume and prices would keep going up. ESPN still operating like that. Just a matter of time before they realize they can't command enough of a subscription cost to cover what they are paying leagues.
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Threads like this can get way off over time. My last post on it:
It started with @Mofo saying: I think that network is just a sinking ship and it's shedding salary in a <probably doomed> attempt to stave off bankruptcy.
I responded: They aren't even close to bankruptcy. Where did you come up with that idea? They have $4 billion in revenues and as part of Disney, they are reported to be profitable. They are obviously in (1) a business that is undergoing a massive change in the way it interfaces with its customer, and (2) have to deal with Disney and all that entails.
Let's break that down:
1. The idea that letting 20 highly paid employees is an attempt to "stave off bankruptcy" is ridiculous. They might have saved $100 million at most. They just signed an $85 million contract with one talent - McAfee. There are tons of reasons that they let these people go, but staving off bankruptcy is not on the list.
We really don't need to go further ... this is obvious on its face, and any additional posts about it were all about goalpost moving.
2. I pointed out the $4 billion in revenue because it is rare for $4 billion companies to suddenly go bankrupt. Equally ridiculous that shedding $100 million for a company with $4 billion in revenues to be read that way. I own and run a multi-million dollar business. The idea that I don't understand the difference between revenue and profit is absurd. I distinguised revenue and profit in my original post on the subject and did so in several follow-up posts.
3. I clearly stated here in my first post, and many times thereafter, "as part of Disney, they are reported to be profitable." I don't work for ESPN. I am not an accountant for ESPN. I don't do corporate analysis about ESPN. But, I can google, and I read a couple of articles that indicated that ESPN was profitable. If you don't agree, I don't care. If you want to do the research that shows me they aren't, go for it. While you are there, find me a single article about ESPN "staving off bankruptcy" because, at the end of the day, that's what this discussion was about.
In 2022 they were split out into its own division - they split Disney into Parks, Entertainment, and ESPN. That will get more visibility into exactly how ESPN performs. In an investor call, their CEO said:
ESPN is a differentiator for this company," CEO Bob Iger said.
"It's the best sports brand in television. It's one of the best sports brands in sports. It continues to create real value for us. It is going through some, obviously, challenging times because of what's happened in linear programming."
"But the brand of ESPN is very healthy, and the programming of ESPN is very healthy. We just have to figure out how to monetize it in a disrupting and a continuing -- or disrupting world. That's it. But we're not engaged in any conversations right now or considering a spin-off of ESPN." Link below.
Does that sound like a company that is about to go bankrupt?
As Iger points out, and I did in my original post, they are obviously going through a major shift in their business - linear to streaming. There are going to be ups and downs, there will be good decisions and bad. People will be let go (like they just did) and they will hire new talent (hiring McAfee to be more attractive to young viewers). None of those things on their own indicate bankruptcy.
It started with @Mofo saying: I think that network is just a sinking ship and it's shedding salary in a <probably doomed> attempt to stave off bankruptcy.
I responded: They aren't even close to bankruptcy. Where did you come up with that idea? They have $4 billion in revenues and as part of Disney, they are reported to be profitable. They are obviously in (1) a business that is undergoing a massive change in the way it interfaces with its customer, and (2) have to deal with Disney and all that entails.
Let's break that down:
1. The idea that letting 20 highly paid employees is an attempt to "stave off bankruptcy" is ridiculous. They might have saved $100 million at most. They just signed an $85 million contract with one talent - McAfee. There are tons of reasons that they let these people go, but staving off bankruptcy is not on the list.
We really don't need to go further ... this is obvious on its face, and any additional posts about it were all about goalpost moving.
2. I pointed out the $4 billion in revenue because it is rare for $4 billion companies to suddenly go bankrupt. Equally ridiculous that shedding $100 million for a company with $4 billion in revenues to be read that way. I own and run a multi-million dollar business. The idea that I don't understand the difference between revenue and profit is absurd. I distinguised revenue and profit in my original post on the subject and did so in several follow-up posts.
3. I clearly stated here in my first post, and many times thereafter, "as part of Disney, they are reported to be profitable." I don't work for ESPN. I am not an accountant for ESPN. I don't do corporate analysis about ESPN. But, I can google, and I read a couple of articles that indicated that ESPN was profitable. If you don't agree, I don't care. If you want to do the research that shows me they aren't, go for it. While you are there, find me a single article about ESPN "staving off bankruptcy" because, at the end of the day, that's what this discussion was about.
In 2022 they were split out into its own division - they split Disney into Parks, Entertainment, and ESPN. That will get more visibility into exactly how ESPN performs. In an investor call, their CEO said:
ESPN is a differentiator for this company," CEO Bob Iger said.
"It's the best sports brand in television. It's one of the best sports brands in sports. It continues to create real value for us. It is going through some, obviously, challenging times because of what's happened in linear programming."
"But the brand of ESPN is very healthy, and the programming of ESPN is very healthy. We just have to figure out how to monetize it in a disrupting and a continuing -- or disrupting world. That's it. But we're not engaged in any conversations right now or considering a spin-off of ESPN." Link below.
Does that sound like a company that is about to go bankrupt?
As Iger points out, and I did in my original post, they are obviously going through a major shift in their business - linear to streaming. There are going to be ups and downs, there will be good decisions and bad. People will be let go (like they just did) and they will hire new talent (hiring McAfee to be more attractive to young viewers). None of those things on their own indicate bankruptcy.
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You appear to have missed the whole "Pollock (for UGA reasons)" that I typed. Something in the water here where people don't read what the comment on.
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yeah you are talking about the RSOs that Fox had.... which went up in flames.. Bally's, FSSWs, etc.. That doesn't effect ESPN IIRC. Their deals with MLB, NBA, NHL are for national games or a few extra games on ESPN plus.. They are not into the business of running the local cable affiliates.
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hmmm
Over the air broadcast networks (ABC, NBC, CBS, FOX) still have the lions share of CFB viewership during the regular season and Conference Championship Game weeks.
ESPN clearly has the lions share of bowl games. I'll give you that much.
ESPN in weekly viewership
CCG week: 0 of the Top 7 viewed
Week 13: 1 of the Top 10 viewed (6th)
Week 12: 1 of the Top 7 viewed (3rd)
Week 11: 2 of the Top 11 viewed (5th and 6th)
Week 10: 2 of the Top 7 viewed (2nd and 5th)
Week 9: 1 of the Top 7 viewed (4th)
Week 8: 1 of the Top 8 viewed (5th)
Week 7: 1 of the Top 9 viewed (5th)
Week 6: 1 of the Top 12 viewed (6th)
Week 5: 2 of the Top 8 viewed (4th and 5th)
Week 4: 1 of the Top 7 viewed (4th)
Week 3: 3 of the Top 8 viewed (3rd, 4th, 6th)
Week 2: 1 of the Top 6 viewed (3rd)
Weeks 0/1: 1 of the Top 7 viewed (4th)
ESPN never once topped viewership. ESPN won't gain much ground with the SEC contract because most of those ESPN ranked games were already SEC vs SEC.
Yeah I know ABC owns 80% of ESPN and ABC will be replacing CBS's SEC game of the week. However, that will be ABC revenue and not ESPN revenue. ABC is also still over the air broadcast tv.
CBS isn't going to lose a lot of ground with their new Big 10 contract in the 3:30 pm (ET) window.
FOX will still be FOX, NBC will still be NBC.
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That was simply a wish so TX/OU could get out of the GOR penalty. They still ended up paying more than a years worth of revenue ($50 million) to leave just one year early.
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Childhood hero, but he’s awful.
Everything about ESPN NBA coverage is shit for the most part.
trojanfan12
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Dan Patrick was talking about this when it happened. He said that this is what ESPN does.
They bring in talent, that talent eventually starts to get expensive, so they let a bunch go while keeping a few familiar faces. Then they bring in a bunch of new talent, keep them until they get expensive and do the same thing all over again.
They bring in talent, that talent eventually starts to get expensive, so they let a bunch go while keeping a few familiar faces. Then they bring in a bunch of new talent, keep them until they get expensive and do the same thing all over again.
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It's "ESPN on ABC". ESPN pays for the broadcast rights, production costs, and will be credited for the revenue.
To think otherwise is moronic.
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Oh FFS. That's right up there with.....
"Teams can easily tell the networks that they will use a neutral site and put up the game for bid." - michaeljordan_fan
You don't know how books work either? LMAO
ABC owns 80% of ESPN, not the other way around. ABC gets 80% of ESPN's remaining revenue after costs. Hearst gets the other 20%.
Networks make their revenue on commercials. Commercial advertisements pay ABC to air their commercials during ABC televised games. They're not paying ESPN. LOL LOL
If anyone's pressuring ESPN to 'trim the fat' it would be ABC and Hearst. Possibly even Disney since they are part owner of ABC.
I swear you got hold of some bad acid at some point.
