Disney announced its quarterly earnings and ESPN's income declined 11% compared to last year. The drag on earnings and revenue from ESPN led to a quarterly miss of estimates for ESPN's parent company Disney. Fortunately for Disney the company has made smart strategic moves in other arenas—buying Pixar, Star Wars, and Marvel among others—that have helped to defray the coming collapse of ESPN.
ESPN is losing millions of subscribers and viewers that add up to billions of dollars a year in losses and is on the hook for tens of billions of dollars in sports rights costs in the years ahead.
Per Nielsen's most recent estimates ESPN now has 87,859,000 cable and satellite subscribers. That's a loss of over 13 million cable and satellite subscribers in the past several years, costing ESPN in the neighborhood of $1.3 billion dollars per year.
The network is in panic mode and desperate for relevance since its decision to become a social justice warrior network. ESPN has become MSESPN.
According to The Washington Post, the network reached out to President Trump’s staff inviting him to fill out a bracket on camera, just as The World’s Most Dangerous Community Organizer had the past several years. The network recently received word that Trump declined. An ESPN spokesman said in a statement: “We expressed our interest to the White House in continuing the presidential bracket. They have respectfully declined.”
Andy Katz, the ESPN basketball analyst who conceived the idea, would have been disappointed if President Trump had accepted the offer. He would have entered AMERICA in every bracket.
In other sports news, New England Patriots owner Bob Kraft said his Super Bowl Champion players are free to go to the White House to celebrate, or not. Last week six members of the team joined Hillary Clinton among the people who won’t be going to the White House.
@washingtonpost Dont worry. Im sure @CNN will go wall to wall with Former Pres. Obama announcing his bracket.— America Wins! (@stormchasn) February 16, 2017
Well we now know the first charge that will be on the Dem's Articles of Impeachment. https://t.co/g6NoEQl3UP— (C)ody Penn-Dent (@codypd) February 15, 2017