- Mar 27, 2006
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they're still profitable. Just not as profitable.Wow thats crazy. Is the reason for all this because ESPN cant pay their current bills, or are they attempting to find more money to keep inflating all these cable TV contracts when they come up for renewal? If its the later, ESPN is setting themselves up to fail big time, IMO.
But, the trend is not in their favor. As crappy as this was, it was probably something that needed to be done. They're a bloated dinosaur. They need a change in their overall model, or risk becoming obsolete.