ESPN makes its money from cable subscriptions, on average about $7 per subscriber. A lot of those subscribers value ESPN ... but a lot don't. They're all paying

ESPN makes its money from cable subscriptions, on average about $7 per subscriber. A lot of those subscribers value ESPN ... but a lot don't. They're all paying around $7 / mo for ESPN. Every cordcutter is a loss for ESPN. This is affecting not only ESPN, but The Walt Disney Company's profits substantially. ESPN makes up ~30% of their gross revenue. They've seen losses most of the last several quarters, in large part due to bad numbers from ESPN.