The mainstream media over the past couple of decades has done their best to push forward any liberal agenda to which they can latch on.
During the Obama administration, it seemed like every single mainstream media network was continually shoving their far Left agenda down every American’s throat, and they never truly reported in an unbiased manner.
Well, it’s finally payback time for those network. One particular network is losing millions of dollars a year. Why? Because they have done their best to infiltrate every segment with liberalism. Can you guess which media empire is going down? None other than ESPN.
Surprised that a network exclusively focused on broadcasting sports is struggling with ratings and money?
As sports cable network ESPN continues to bleed cash, another round of layoffs is about to hit that will reportedly take out some well-known reporters and on-air faces.
Reports say that ESPN management is being tasked with cutting “tens of millions” of dollars of staff salary from its payroll, meaning that on-air personalities are on the chopping block, according to Sports Illustrated…
The news of the massive cuts comes on the heels of reports that ESPN is losing millions per year.
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.
As to ESPN itself, the network lost subscribers, found its average viewership crater, and experienced falling advertising rates even as its programming costs climbed. And this fall from grace continued even after Disney insisted that ESPN had reached its bottom after the previous quarter came to an end.
ESPN’s crashing revenue coincides with its increasingly leftward political content, a drift so blatant that the network’s ombudsman felt pressured to address the network’s political content.
Last November, ESPN’s Jim Brady presented evidence that even inside its executive boardroom complaints from viewers have resonated that sports cable network ESPN has become far too liberal.
Perhaps this will be the wake up call the mainstream media needs to see. Maybe if they were able to ethically and honestly report the news, whether it’s about politics, sports, or arts, perhaps they would win Americans back.
It’s lovely to see the free market work this way. The more Americans that refuse to listen and watch the liberal media’s nonsense, the sooner they will have to amend their ways to keep the cash flow alive.