cable-stained wretches

Profitable ESPN Cites Higher Game Fees in Cutting 300-400 Jobs

After layoffs at the New York Daily News, Columbia Journalism Review, and a crackup at The Village Voice this month, a much larger-scale downsizing is happening at ESPN, where 300 to 400 jobs are expected to disappear both through layoffs and leaving positions unfilled. The Times points out it’s a comparatively small number compared to the 6,500 people who work for the Walt Disney-owned company. Even though ESPN is “hugely profitable,” WSJ reports, it says higher rates it’s paying for the rights to air games are cutting into its bottom line.

Profitable ESPN Cites Game Fees in Cutting Jobs