>> A mass firing at ESPN Wednesday, this time targeted at the network's on-air talent. 100 commentators, reporters, and the like given the proverbial pink slip. Shocking on the surface, perhaps, with some recognizable names saying goodbye on social media, but not when you consider its shrinking subscriber base. More than 10 million reportedly cutting the cord over the past several years, with costs for big ticket sporting events rising, that's not a winning combination.
Current deals include a reported $15.2 billion to the NFL, signed in 2011 and stretching through 2021, a nine year, $12 billion deal with the NBA, and 7.3 billion for college football playoffs. Two years ago, ESPN laid off roughly 300 people, most not on camera. Network president John Skipper saying in a memo Wednesday that ESPN's content strategy, just like the rest of the media world, has heavily shifted to digital, quote, still needs to go further, faster.