ABC/Disney to make cuts

[TMC]

http://www.hollywoodreporter.com/new...turing-1034164

ABC, ESPN, Disney channel are affected by staff cuts and they cite Shonda Rimes move to Netflix as one factor though.

There are a few other likely factors:

-Cordcutting and cordshaving, less subscribers means less revenue, to the tune of $10+ per lost subscriber, per month BEFORE lost ad revenue.

-Less people going to the movies, as movie theaters are where the studios make the bulk of their money.

-Less people watching broadcast and cable, more watching Netflix (they wouldn't be starting streaming services if this wasn't the case).

-Linear advertising being less valuable to advertisers than targeted ads on things like YouTube (this applies to radio as well).

-Costly sports contracts (that does affect the bottom line) that were signed before ESPN started declining. Not only has ESPN taken on many expensive sports contracts, they also have fired or lost a lot of top talent.