In a move that surprised many sports fans and underscored the challenges for media companies, ESPN announced on Friday that it had laid off several broadcast journalists in an effort to save money. These layoffs in the sports media industry coincide with recent cost-cutting measures implemented by various media companies such as National Geographic, The Los Angeles Times, Vox Media, BuzzFeed, and The Washington Post. Disney, ESPN’s parent company, has been grappling with losses associated with its streaming services due to the decline of traditional television viewing. In summary, ESPN’s decision to lay off broadcast journalists marks a challenging period for media companies. As ESPN takes steps to address its financial struggles, the sports media landscape continues to evolve, impacting both well-established figures and rising talents in the industry.

Source: New York Times July 01, 2023 02:34 UTC