Pinwheel1
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http://www.outkickthecoverage.com/espn-cutting-nearly-100-million-in-on-air-talent-030617
"From 1979 to 2011 ESPN had the best business model in the history of sports. (The cable and satellite bundle is the greatest money making venture in the history of media.) But starting in 2011 the business began to change. In a hurry. Most didn't recognize it, but I wrote my first article about ESPN's challenges in 2011. Right at the absolute peak of the cable market, I wrote this piece, "Why ESPN has already lost the future." I didn't get everything right -- far from it -- but my basic thesis was correct -- ESPN was a glorified middleman that most didn't need. ESPN realized this and overpaid for sports rights to ensure its continuing relevancy.
The worst TV contract in the history of sports was the result -- ESPN's rights deal with the NBA. A deal so lucrative for the NBA that every cable and satellite subscriber in the country, the vast majority of whom will never watch an NBA game, is paying over $30 a year for the NBA. That's how Mike Conley can make over $30 million a year. "
"From 1979 to 2011 ESPN had the best business model in the history of sports. (The cable and satellite bundle is the greatest money making venture in the history of media.) But starting in 2011 the business began to change. In a hurry. Most didn't recognize it, but I wrote my first article about ESPN's challenges in 2011. Right at the absolute peak of the cable market, I wrote this piece, "Why ESPN has already lost the future." I didn't get everything right -- far from it -- but my basic thesis was correct -- ESPN was a glorified middleman that most didn't need. ESPN realized this and overpaid for sports rights to ensure its continuing relevancy.
The worst TV contract in the history of sports was the result -- ESPN's rights deal with the NBA. A deal so lucrative for the NBA that every cable and satellite subscriber in the country, the vast majority of whom will never watch an NBA game, is paying over $30 a year for the NBA. That's how Mike Conley can make over $30 million a year. "

