ESPN is bleeding subscribers due to cord cutters, and Disney has told ESPN to cut $100 million out of next year's budget and $250 million out of the 2017 budget. They lost 3.2 million subscribers last year and their reach has fallen 7.2 percent since 2011.Somebody has to pay for Disney's flop "Tomorrowland."
At the current rate of $6.10 per subscriber, that 3.2 million lost subscribers is $19.52 million lost in subscriber revenue just in the last year. If the subscriber fee is the same over the next two years, that 3.2 million lost subscribers is going to be $39.04 million in lost revenue for 2016 and 2017 combined. That's not good when you're told to cut a combined $350 million from the budget over the next two years. And that 3.2 million lost subscribers number is likely going to be getting bigger.
Colin Cowherd certainly isn't going to be the last of the "name" personalities to be leaving ESPN. Wouldn't surprise me if they resorted to a drastic measure like eliminating ESPN Radio personalities entirely. Not going to be able to slice out that much out of your budget by penny pinching...