ESPN, the sprawling cable TV company that has become the ubiquitous source of sports news across the country, has recently gained attention for its new eye towards cost-cutting. Bill Simmons is gone. Colin Cowherd is gone. Keith Olbermann is gone (again). Two weeks ago, ESPN announced that it is reducing its work force by 4% by terminating 300 current employees. And today, the contraction continued with the announcement that ESPN would soon be shutting the long-form website Grantland.com–the baby of Bill Simmons that matured into a collection of pop culture articles mixed with detailed 3,000+ word sports analysis articles.
If you read Disney’s annual report last year, you would encountered a few non-detailed passages about changes coming to ESPN that would focus on “streamlining performance”, finding “greater efficiencies”, and “leveraging the platform.” The vagueness and the corporate jargon of the annual report did not provide an observer with any substantive … Read the rest of this article!