"ESPN BECAME AIR AMERICA GRADUALLY, BUT PEOPLE HAVE NOTICED: ESPN Loses 4 Million Subscribers In Past Year.
Posted at 2:41 pm by Glenn Reynolds
"In the past five years ESPN has lost 11,346,000 subscribers according to Nielsen data.Posted at 2:41 pm by Glenn Reynolds
If you combine that with ESPN2 and ESPNU subscriber losses this means that ESPN has lost over a billion dollars in cable and satellite revenue just in the past five years, an average of $200 million each year.
That total of a billion dollars hits ESPN in the pocketbook not just on a yearly basis, but for every year going forward.
It's gone forever.
That's not just bad, this is downright cataclysmic.
And it's getting worse.
In the past year ESPN lost 4.159 million subscribers, that's another $350 million in lost revenue across the ESPN family of networks....
...I'm not against ESPN -- or certainly FS1 or NBCSN or CBSSN or any other sports cable channel --
I just see the collapse of the cable and satellite bundle as a major story that most in the sports industry are ignoring.
When the bubble officially pops -- and it may well have already popped without most realizing it -- it's going to change everything about sports -- team revenue and player salaries will plummet and the way that average fans consume sports will change rapidly.