Is the SEC network taking money away from ESPN???

[world famous 3rd base hecklers]

The Walt Disney Co.'s DIS, -1.22% ESPN is looking to cut 200 to 300 jobs in coming months, according to USA Today's The Big Lead. Sources at ESPN reportedly told the publication that Disney wants ESPN to cut $100 million from next year's budget, followed by a deeper cutback in 2017. ESPN declined to confirm the reports, but said in a statement that it "has historically embraced evolving technology to smartly navigate our business. Any organizational changes will be announced directly to our employees if and when appropriate." The news of potential job cuts comes after last month's massive media-stock selloff, which followed earnings reports showing declines in cable-TV subscriptions. During Disney's earnings call with investors last month, Chief Executive Bob Iger admitted ESPN had suffered modest subscriber losses, but expressed continuing confidence in the sports network's ability to leverage its brand and offerings in a changing media landscape. Disney's shares are up 8.5% in 2015, outperforming the S&P, which is down nearly 6%.

ESPN to cut hundreds of jobs: report

http://www.marketwatch.com/story/es...bs-report-2015-09-22?link=MW_home_latest_news

 

[USCBatgirl21]

How would the SEC Network be taking money away from ESPN?

 

[world famous 3rd base hecklers]

How would the SEC Network be taking money away from ESPN?

Showing less SEC games... Football is their bread and butter and for them to start cutting job 3 weeks into the football season...

 

[OzWizard]

The Walt Disney Co.'s DIS, -1.22% ESPN is looking to cut 200 to 300 jobs in coming months, according to USA Today's The Big Lead. Sources at ESPN reportedly told the publication that Disney wants ESPN to cut $100 million from next year's budget, followed by a deeper cutback in 2017. ESPN declined to confirm the reports, but said in a statement that it "has historically embraced evolving technology to smartly navigate our business. Any organizational changes will be announced directly to our employees if and when appropriate." The news of potential job cuts comes after last month's massive media-stock selloff, which followed earnings reports showing declines in cable-TV subscriptions. During Disney's earnings call with investors last month, Chief Executive Bob Iger admitted ESPN had suffered modest subscriber losses, but expressed continuing confidence in the sports network's ability to leverage its brand and offerings in a changing media landscape. Disney's shares are up 8.5% in 2015, outperforming the S&P, which is down nearly 6%.

ESPN to cut hundreds of jobs: report

http://www.marketwatch.com/story/es...bs-report-2015-09-22?link=MW_home_latest_news

I'm going to say no...

 

[USCBatgirl21]

Showing less SEC games... Football is their bread and butter and for them to start cutting job 3 weeks into the football season...

But ESPN owns the SEC Network. ESPN will still get the advertising revenue.

 

[radcock]

The Walt Disney Co.'s DIS, -1.22% ESPN is looking to cut 200 to 300 jobs in coming months, according to USA Today's The Big Lead. Sources at ESPN reportedly told the publication that Disney wants ESPN to cut $100 million from next year's budget, followed by a deeper cutback in 2017. ESPN declined to confirm the reports, but said in a statement that it "has historically embraced evolving technology to smartly navigate our business. Any organizational changes will be announced directly to our employees if and when appropriate." The news of potential job cuts comes after last month's massive media-stock selloff, which followed earnings reports showing declines in cable-TV subscriptions. During Disney's earnings call with investors last month, Chief Executive Bob Iger admitted ESPN had suffered modest subscriber losses, but expressed continuing confidence in the sports network's ability to leverage its brand and offerings in a changing media landscape. Disney's shares are up 8.5% in 2015, outperforming the S&P, which is down nearly 6%.

ESPN to cut hundreds of jobs: report

http://www.marketwatch.com/story/es...bs-report-2015-09-22?link=MW_home_latest_news

They have made some programming changes that hurt. They also moved away from star power towards 'fill in the sportscaster" in an attempt to keep salaries down. The espys have been embarrassing.

But it probably is more related to how we get our information now versus in the previous decade. You no longer have to sit through an entire show to get the answers you want. You can watch abridged games for free online. Younger generations seem to care less about sports as they are entertained through other forms of social media.

 

[world famous 3rd base hecklers]

But ESPN owns the SEC Network. ESPN will still get the advertising revenue.

I didn't know that...

Thanks...

 

[world famous 3rd base hecklers]

They have made some programming changes that hurt. They also moved away from star power towards 'fill in the sportscaster" in an attempt to keep salaries down. The espys have been embarrassing.

But it probably is more related to how we get our information now versus in the previous decade. You no longer have to sit through an entire show to get the answers you want. You can watch abridged games for free online. Younger generations seem to care less about sports as they are entertained through other forms of social media.

Don't get me started on the espys or we'll end up on small talk...

 

[JSpears5]

They have put a ton of money into tv rights and things like the SEC network and at the same time, less people are watching cable, so they are not generating as much money. It has much more to do with cord cutters and overspending than anything else

 

[superflyby]

The Walt Disney Co.'s DIS, -1.22% ESPN is looking to cut 200 to 300 jobs in coming months, according to USA Today's The Big Lead. Sources at ESPN reportedly told the publication that Disney wants ESPN to cut $100 million from next year's budget, followed by a deeper cutback in 2017. ESPN declined to confirm the reports, but said in a statement that it "has historically embraced evolving technology to smartly navigate our business. Any organizational changes will be announced directly to our employees if and when appropriate." The news of potential job cuts comes after last month's massive media-stock selloff, which followed earnings reports showing declines in cable-TV subscriptions. During Disney's earnings call with investors last month, Chief Executive Bob Iger admitted ESPN had suffered modest subscriber losses, but expressed continuing confidence in the sports network's ability to leverage its brand and offerings in a changing media landscape. Disney's shares are up 8.5% in 2015, outperforming the S&P, which is down nearly 6%.

ESPN to cut hundreds of jobs: report

http://www.marketwatch.com/story/es...bs-report-2015-09-22?link=MW_home_latest_news

Several things play into this...there are more games on more channels than ever. The pie is only so big and the more slices, the smaller the pieces. I would think this will hurt the B1G and Pac 12 most because they are stand alone where as ESPN owns rights to B1G and Pac12 as well as the other power5 conferences. Their eventual losses will be ESPN's gains in the future. The SEC Network and ESPN splitting into other programming such as internet bundles has just started. The lost viewership will show up again when those numbers are calculated in the future. ESPN will be just fine because of their long term contracts....It's a dog eat dog but if I was going to put my money on anyone...it would be Disney and ESPN....

 

[cock enforcer]

The SEC Network is one of the best things ESPN has going for it.