ESPN is rumored to be laying off more workers soon and it’s now easy to understand why. The network is bleeding subscribers by the thousands. In October alone, they lost almost half a million.
ESPN Lost 480,000 Subscribers in October
There are a variety of ways, in which businesses judge whether they’re having a successful business day. However, if you’re losing over 15,000 customers a day, that is generally frowned upon.
No doubt, there are many frowns being worn on the faces of ESPN executives after reviewing the October Cable Coverage Estimates. ESPN lost over 15,000 subscribers for every day ending in “y,” during the month of October.
To put that into perspective, that’s the equivalent of losing Sacramento, California, the 35th largest city in the country, in a month. While many would welcome the loss of Sacramento, for a variety of reasons, when discussing losing a city of that size in a ratings context, it’s horrifying.
Of course, ESPN isn’t the only cable sports giant to lose massively among subscribers. FS1 584,000 households in the month of October. Though, it is noteworthy, that FS1’s ESPN-esque decline has coincided with their efforts to repeat the mistakes of ESPN. In October, FS1 brought the Reverend Jesse Jackson on Undisputed, the network’s flagship debate show, featuring Skip Bayless and Shannon Sharpe.
Do you think they’ll get the message and knock off the left wing politics?