Disney Shock: ESPN Down 7 Million Subscribers

Major cable network is losing millions of viewers.

“Disney disclosed that its most profitable TV asset has 92 million subscribers, down from 95 million a year ago and down from 99 million the year before that.

In fact, as Iger acknowledged in August — a revelation that sunk the stocks of the entire industry — Disney’s cable TV channels in general have been losing subscribers for two years running, presumably as consumers cord-cut or cord-shave, taking much of their viewing online with Hulu, Netflix and others.” [READ MORE]