By EconMatters
We discuss the massive drop in ESPN subscribers this year, and how this relates to those massive NBA Television Broadcasting Deals that were based upon much higher subscriber bases going forward, and how this filters down into larger salary caps for NBA Franchises leading to $20 Million Dollar annual player contracts guaranteed for 5 years.
After puking over $30 from post-Italy vote highs, gold prices are jumping this morning and have erased the losses. Silver is soaring, breaking back above $17, well above pre-Italy levels...
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.
A plane carrying 81 people, including top Brazilian football team Chapecoense, heading for the biggest game in its history, crashed on its approach to the city of Medellin in Colombia. 76 of those on board have perished.
The charter flight was carrying 72 passengers and nine crew, when it crashed around 10:15 p.m. on Monday. Heavy rain first hampered and then halted rescue operations. Officials told local media that bodies would be removed at first light. Brazilian news organizations reported 21 journalists had been on board to cover the match.
Barry Bennell, the former football coach who is currently at the centre of a child sex abuse scandal, has been admitted to hospital. The convicted child abuser was found unconscious after police were called to a “welfare incident” in Stevenage.