n_huffhines
What's it gonna cost?
- Joined
- Mar 11, 2009
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ESPN is bleeding money because they no longer care about sports, they only care about making a Hollywood drama about things that don't take place within the sports arena.
The writing was on the wall well before the Simmons debacle. They lost an alarming large number of their premiere and up and coming reporters, none of which spoke highly of the company upon leaving, but also didnt' go out like Simmons either to other networks, sometimes much, much smaller networks. Simmons was just arrogant and brash enough to light the fuse.
I would say none of those issues are that impactful in terms of their bottom line. Like OP states, they highly overpaid for television rights and then streaming started cutting into their profits (like every other TV network).