Posted on 12/07/2015 5:59:19 AM PST by C19fan
Your favorite sports team is massively overvalued right now. Itâs not that you ought to be losing sleep over Jerry Jonesâs or Mark Cubanâs financesâthey were rich before and will be rich after. But the popping and cracking noises emanating from the key support beam in our Temple of Athleticsâthe TV sports businessâforeshadow wild disruptions ahead for the world of sports.
Like the barking dogs that sense an earth tremor before we do, ESPNâs annus horribilis is a harbinger of the Internetâs coming disintermediation of Americaâs half-trillion dollar sports industry. Just since mid-summer, the Disney-owned 800-pound linebacker of sports TV announced falling subscriber counts and weak ad revenues that led to a devastating media stock price rout. The network has elected to let some of its highest-profile talent go, has announced a round of significant rank-and-file layoffs, and then last month shuttered its prestigious Grantland.com sports journalism site.
(Excerpt) Read more at thedailybeast.com ...
“Sports Illustrated’s” NFL writer Peter King is one of the worst.
He actually did an extensive piece in his column about his daughter’s wedding complete with pictures. It was during the off season so he had to have something to write about. And he was busy with the wedding in the week or so before his column ran. Problem? His daughter was marrying her lesbian partner.
Oh, yeah, and of course Peter King ran his anti-gun rant in his MMQB column today.
He’s a total product of his east coast upbringing.
I do not like having to pay a small fortune to go to a game just so a guy makes $10 million and up and blows his money on hookers. If they need extra money they can become a pilot like Kareem.
LOL - I feel kind of like a hypocrite, but I won't be crying if President Bernie Sanders hits pro athletes and other entertainers with a 90% tax bracket.
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