ESPN is letting go of around 100 staffers on Wednesday, with a large chunk of the layoffs hitting on-air talent, according to various reports.
The sports media titan has become the poster child for older, TV-focused companies that are being forced to confront a future that is often termed as "trading TV dollars for digital pennies."
Layoffs are not entirely unexpected at ESPN, which has been struggling with a combination of rising costs, declining ad revenue, and subscriber losses.
Wednesday's cuts appear targeted at reducing ESPN's spending on its on-air anchors, many of which tend to command large salaries. Among the most notable exits is Ed Werder, a veteran NFL reporter. Read more...
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