Wednesday's HOT MIC
ESPN sent a memo to staffers that they are firing 150 employees.
Today we are informing approximately 150 people at ESPN that their jobs are being eliminated.
We appreciate their contributions, and will assist them as much as possible in this difficult moment with severance, a 2017 bonus, the continuation of health benefits and outplacement services. They will also appreciate your support.
The majority of the jobs eliminated are in studio production, digital content, and technology and they generally reflect decisions to do less in certain instances and re-direct resources.
We will continue to invest in ways which will best position us to serve the modern sports fan and support the success of our business.
The last round of 100 firings was mostly on-air talent. The cutbacks here appear to be due to slower than expected growth in streaming and mobile.
It should be stressed that the staff cuts are not only due to a reduction in viewers related to their mixing of sports and politics, but also the changing habits of American sports network consumers. People are not tuning in on TV and are failing to access the network's digital content.
Will there be an ESPN in 10 years? Certainly nothing we'd recognize from what the network is today.