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Less Than 1 In 3 Trust Mainstream Media, Martin Armstrong Warns "Their End Is Near"

Less Than 1 In 3 Trust Mainstream Media, Martin Armstrong Warns "Their End Is Near"

Submitted by Martin Armstrong via ArmstrongEconomics.com,

Gallup first began asking if Americans trusted the mainstream media in 1972. America’s trust and confidence in mainstream media stood at its highest level back in 1976 at 72%. Of course, that was due to the investigative journalism regarding Vietnam, and naturally Woodward and Berstein, with the Watergate scandal.

ESPN Still Bleeding Subs As 1.2mm People Ditch Service In Past 2 Months Alone

ESPN Still Bleeding Subs As 1.2mm People Ditch Service In Past 2 Months Alone

Last month we noted that ESPN lost 621,000 subscribers in the month of the October (see "ESPN Loses A Record 621,000 Subscribers In One Month").  Unfortunately, the sports media powerhouse can't seem to make the bleeding stop as evidenced by another 555,000 subscriber losses this month as reported by Nielsen.  For those keeping track, that's roughly 1.2mm in sub losses in just two months, which, at $7 of revenue per sub, represents about $100mm of lost annual revenue for ESPN's parent company, Disney.

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