The Last Domino Is Falling: ESPN Feels Cord-Cutting Effects
With stand-alone streaming becoming the new normal, even ESPN is feeling the effects of cord-cutters.By Jamal Andress | October 21, 2015
There's no doubt cord-cutting has taken the TV industry and, more importantly, cable companies by storm. But the one saving grace has always been live sports.
More specifically, ESPN. But even the worldwide sports leader is having trouble keeping its subscribers.
Which has led to massive job cuts for its employees. According to Bloomberg, which broke the news, ESPN plans to eliminate 350 positions or about 4 percent of its workforce.