Another round of ESPN layoffs cuts 150 jobs
ESPN announced another round of layoffs in an email to employees today, Yahoo reports. The network will cut 150 people, none of whom are on-air staff, in a continued effort to rebuild the network around digital.
Why it matters: ESPN is facing what many other cable networks are struggling with: waning subscriptions, higher production costs and stagnant ad revenues. As the network continues to migrate to digital, it will need to move resources and jobs to better address the new media landscape.