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>> FOX BROADCASTING COMPANY Latest News

MAY 22, 2013 - Business Insider

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ESPN Layoffs Are A Sign The Channel's Worst Nightmare Is Finally Coming True

ESPN is reportedly planning to fire hundreds of people for the first time since 2009. The company is still in great shape. It's still the most valuable media property in the world. It's still crushing its competitors. And it's still printing money. But the rumored reason behind the layoffs — the soaring cost of broadcast rights is eating into the company's profit margin — is a real concern for the future of company. ESPN is such a monolith because it charges the highest subscription fees on cable, in addition to ad revenue. It can justify those subscription rates because it ... Read More

Tags: ESPN Layoffs Are A Sign The Channel's Worst Nightmare Is Finally Coming True,  Fox Broadcasting Company Latest News