The Traderszone Network

Published in TZ Latest News 14 May, 2017 by The TZ Newswire Staff

ESPN’s Huge Sports Contracts Are Killing Its Profits

Walt Disney (NYSE: DIS) recently reported its second-quarter earnings, and ESPN came under a lot of scrutiny. The cable sports network generates a huge portion of the revenue and profits of Disney’s Media Networks division, which itself accounts for the largest portion of Disney’s business. It’s no secret the worldwide leader is losing subscribers, but it’s managed to continue increasing revenue through contractual rate increases with television distributors.

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