henchman21
Mr. Meeseeks
- Feb 24, 2012
- 67,095
- 53,592
Sports media (and traditional media in general) are having a real tough time right now. Look at how many people lost their jobs with the Athletic and Bell media (TSN) in the last year alone.
On the French side the biggest media (Quebecor) is seriously threatening to shut down TVA Sports because they burn too much money.
This is just the tip of the iceberg because advertisers spend their money on Facebook and Google now where they can target their customers better. It's not going well.
Yeah... as it applies here, I don't think people really see how poorly things are going from the TV side of things in sports. RSNs are going bankrupt, the areas they'll survive are the areas that'll get teams to agree to a 30% haircut. Some teams are giving up on their own networks in general and going back to the OTA sort of programming... knowing they are foregoing a ton of revenue in the short term in hopes to widen the market. Major players like NBC, CBS, FOX, and ESPN got into a huge bidding war for 15 years until the growth by any means necessary started fracturing. It is now to the point where Disney is trying to sell off ESPN to plug the cracked dam... and leagues (like the NHL) are trying to buy in to keep the stations afloat.
The cord cutting, the exodus of advertisers, the massive increase in how costly TV rights deals have been, ease and cratering cost infrastructure for streaming is all setting up a pretty dire situations in traditional media... and sports media is one of the hardest hit specifically.
On a different note... the struggles here really show it was wise to not give Quebecor a team. That team would already have massive financial pressure.