espn cutting 300 staff to adapt to tv realities
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

ESPN cutting 300 staff to adapt to TV realities

Arab Today, arab today

Arab Today, arab today ESPN cutting 300 staff to adapt to TV realities

ESPN chief John Skipper
New York - AFP

US sports broadcaster ESPN announced cuts of some 300 jobs Wednesday, saying a reorganization is needed to adapt to a changing media landscape.

A memo to staff from ESPN president John Skipper said the company is making changes as part of "a broad strategy to ensure we're in position to make the most of new opportunities to build the future of ESPN."

It will mean "constant and relentless innovation, including integrating emerging technology into all aspects of our business," he said.

ESPN is facing challenges as Americans shift away from cable television to online video which may be less lucrative.

The memo gave no specific number of job cuts but the company later indicated it would be "approximately 300" from a worldwide workforce of roughly 8,000.

"Beginning today, we will be enacting a number of organizational changes at ESPN to better support our future goals -- a process that will include the elimination of a number of positions, impacting  friends and colleagues across the organization," Skipper said.

"The people who will be leaving us have been part of ESPN's success, and they have our respect and appreciation for their contributions.  We will be as supportive as we can during this transition," offering severance and other services.

Skipper said the shift would be accompanied by stepped up sales and marketing "with new tools and techniques that generate greater data, personalization and customization for our advertisers."

ESPN, which is a unit of the Walt Disney Company with a minority stake held by Hearst Corp., faces competition from rival networks such as Fox, part of the Murdoch family's conglomerate, but is also impacted by declines in cable TV subscriptions, which provide much of its revenue.

The group includes eight US cable channels, 26 international networks as well as a variety of radio, publishing and digital assets.

Disney warned earlier this year that the "unbundling" of television cable packages could impact channels like ESPN.

A move away from the large bundles of channels could have a cascading effect of cutting fees from cable firms as well as ad revenues.

The big threat to the industry is from "cord cutting," which has been modest until now. If it accelerates, that could unravel the model which has worked for the industry for years.

Disney shares rose 1.2 percent in afternoon trade to $111.18.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

espn cutting 300 staff to adapt to tv realities espn cutting 300 staff to adapt to tv realities

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

espn cutting 300 staff to adapt to tv realities espn cutting 300 staff to adapt to tv realities

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday