With people cord cutting left and right, it’s no secret cable companies are paying for it big time. Last year we shared with you why ESPN was struggling so much, as they had just made a massive amount of layoffs to their staff, including many on-camera talents.
The reason why they’re bleeding money so much is because of their long term broadcast contracts with numerous leagues that hasn’t seen them reap the rewards because of low ratings which in turn bring in less advertising dollars. So one has to imagine how much ESPN is paying to broadcast these games. You can check out those numbers for some of ESPN’s biggest broadcast deals below.
$40 million per year for 12 years
Total: $480 million