I’m not a math expert, but if you’re paying $6 billion a year in rights fees and you only bring in $4 billion in subscriber revenue, that’s not good. Add on top of that that advertising, which represents around a quarter of ESPN’s revenue, would plummet as well. Hell, it’s already happening. ESPN had to make up for ratings shortfalls with this year’s playoffs.
Indeed, it’s hard to come to any conclusion other than this one: ESPN is a dead company walking