With ESPN bleeding money and losing up to 10 000 subscribers a day and bleeding Disney, will ESPN sell chunks like TSN ?
Once a sports powerhouse, ESPN has gone from must-see-TV for millions of sports fans to a financial boondoggle for owner Disney with the network losing up to 10,000 subscribers a day, reports said last month.
“A floundering ESPN, with rising costs and declining viewership, continued to sink Disney’s DIS, +0.24% financial results during its fiscal first quarter,? MarketWatch.com reported.
With ESPN dragging on the company, Disney’s revenue fell 3 percent, and its profits sank 14 percent, the financial site reported.