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The original was posted on /r/cfb by /u/Uhhh_what555476384 on 2023-08-02 17:49:59.
NY times article on the financial trouble at ESPN.
TLDR:
ESPN gets $8.80 per linear TV subscription.
There are 71 million subscribers.
There were 100 million subscribers 5-10 years ago.
There are expected to be 50 million subscribers in 2030.
ESPN would have to charge $50-70 a month to maintain revenue as a stand alone streaming service.
The vast majority of the money in TV is from the linear cable bundle. That business model is dying. The next business model, streaming, has 70-90% less revenue.
This is also why Hollywood is on strike right now.