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Note on declining ad revenue (link)

Following a link from the article that hawkb posted, we find this gem of a paragraph:

"Additionally, overall TV ad spending will sink by an estimated 5% in the US this year, and it’s hitting cable the hardest. AMC Networks reported a 16% revenue slump in late 2022 due to the advertising slide. The company has been unable to make up for its revenue losses via subscription streaming platforms like AMC+ and Shudder; its new plan is to join the FAST revolution and put ads on AMC+. Income from Disney’s TV networks is also down. ESPN revenue fell to $1.8 billion in the most recent quarter, from $2.8 billion during the same period one year earlier."

Note the first and last sentences. A one billion dollar decline in a single quarter for ESPN?

The perpetually increasing TV money gravy train is coming to an end for college sports and a whole lot of other entities.

(In response to this post by hawkb)

Link: Death of cable TV

Posted: 05/26/2023 at 9:54PM

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Interesting article on the future of sports TV & ESPN (link) -- hawkb 05/26/2023 9:19PM

One key point, you can pause/cancel streaming service whenever -- andLeftyToo 05/29/2023 7:16PM

Question for me is how many commercials -- HOOGATORB 05/29/2023 6:03PM

Note on declining ad revenue (link) -- Clark2 05/26/2023 9:54PM

Definitely a new era. We're either going to have a duopoly or an every -- hawkb 05/26/2023 9:58PM

It is possible that the big $$ TV deals for $EC/Big 10 will not produce. -- Clark2 05/27/2023 3:07PM

Well, it’s not due to sports advertising is in decline. 2023 will be… -- Mikeysurf 05/28/2023 4:37PM

While sports is the saving grace, streaming is now coming REALLY fast -- HooAlum 05/29/2023 08:01AM

There are also those that have both as well. While we are definitely… -- Mikeysurf 05/29/2023 5:07PM

Makes me wonder about the ESPN stat. -- Clark2 05/28/2023 5:00PM