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ESPN, which laid off 100 people this week, has a multitude of problems, but the basic one is this: It pays too much for content and costs too much for consumers.
That didn't used to matter because, thanks to the way the cable industry "bundled" channels, cable customers were forced to pay for it even if they never watched it. Now, however, as the cable bundle slowly disintegrates, it matters a lot.
[...] But it's a pipe dream to think that ESPN will ever make the kind of profits ($6.4 billion in 2014) that it once did, for two reasons. First, as is the case with so many other industries, the internet has both shined a light on the flaws of the cable model and exploited them. What was the main flaw of the cable model? It was that consumers had to pay for channels they never watched.
And now they don't.
It turns out that there were lots of people, including sports fans, who resented having to pay for the most expensive channel in the bundle. The popularity of streaming led to "cord cutting," but it also caused cable companies to begin offering less expensive "skinny bundles," some of which don't include ESPN.
(Score: 2) by cafebabe on Saturday May 06 2017, @11:19PM
The last journalist I (knowingly) met certainly had an agenda. Specifically, he wrote articles which were favorable to pro-immigration demonstrators and only varied his output to increase virtuousness. If pro-immigration demonstrators killed someone he'd probably ignore it or spin it favorably.
Oh, and there was the guy in a makerspace who was covertly recording on his Android phone and then mis-quoted people anyhow. Oh yeah, and then there was the little guy in the wheelchair who similarly mis-quoted people. That was a blatent case of affirmitive action. If you're going to mis-quote people then make sure that grammar and slang are credible. Overall, I presume that it is easier aggregate, plagurize and fabricate rather than obtain the truth.
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