The following is an excerpt from Matt Bonesteel | April 25, 2017 | Thewashingtonpost.com |
ESPN is set to begin its latest round of layoffs, with Sports Illustrated’s Richard Deitsch reporting via Facebook that employees could be informed starting Wednesday. Some of them could be “significant on-air names,” he says.
The job cuts, which will come from the network’s sizable stable of on-air and online talent, have long been expected as ESPN looks to pare expenses in the wake of mounting subscriber losses and rising rights fees. Over the past five years, the network has lost somewhere around 12 million subscribers while shelling out billions for the right to televise leagues such as the NFL and NBA. It will be ESPN’s second round of layoffs in less than two years: In October 2015, ESPN laid off around 300 people who worked behind the scenes.
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