Ratings Free Fall, Cord Cutting Leads to ESPN Job Cuts

With sports content and ESPN a primary reason for soaring cable bills -- and the rise in so-called "skinny bundles" for consumers looking to avoid these costs -- ESPN is understandably nervous. ESPN has lost 3.2 million viewers over the last year as consumers continue to scale back or cut their cable TV packages in the face of relentless price hikes. As such, the network has been engaging in "belt tightening measures" to counter the losses.
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