Jim Miller, who co-wrote a book on ESPN's history, said Wednesday that "around 50 names you will recognize; another 50 you may not" will be losing their jobs.
ESPN will part ways with more than 40 people, all of them "talent", a label that ESPN applies to radio hosts and writers (almost all of whom regularly do video or audio), not just traditional TV personalities. Over the past five years, the network has lost somewhere around 12 million subscribers while shelling out billions for the right to televise leagues such as the NFL and National Basketball Association.
On Wednesday, ESPN's president, John Skipper, sent a staff memo in which he said: "Today, we are again focused on a strategic vision that will propel our vast array of networks and services forward".
Among those who confirmed Wednesday they've been let go are National Football League reporter Ed Werder, radio host Danny Kanell, Dana O'Neill who covers college basketball, and hockey reporter Scott Burnside.
Fast & Furious Spin-off with The Rock & Statham is ON!
It's possible that the film could get made while they're putting together the script for the ninth film in the main series. Fast cars and pure curiosity drove millions of fans to the theater this Easter weekend.
ESPN's large layoff of on-air and online talent has filtered in throughout the day Wednesday, marking a major shift for the sports news juggernaut.
"Our objective in all we do is to best serve fans and their changing consumption habits while still maintaining an unparalleled and diverse talent roster that resonates with fans across all our platforms", Skipper said.
"ESPN used to be in close to 100 million houses, and now it's in less than 87 million homes, according to Nielsen", Ourand says.
Goldman Sachs (NYSE:GS) added the stock to its conviction buy list earlier this month, citing the company's forthcoming film slate.
Heyman | The secret behind Eric Thames early success with Brewers
Matt Garza will return to the Brewers rotation on Monday, making his first start of the season against the Cincinnati Reds . He allowed four earned runs and scattered eight hits. "Random, right?" Thames laughingly said to USA Today .
The layoffs are an attempt by ESPN to evolve in the wake of a two-headed challenge: a declining subscriber base and skyrocketing rights fees. Breitbart reported in November that ESPN lost 3.2 million subscribers over the a year ago.
The layoffs predictably will come before Disney, ESPN's parent company, releases 2nd quarter financial results on May 9.
Kevin McCarthy of the Sporting News reported Monday that some ESPN anchors have approached network officials about taking a pay cut to stay in Bristol, Connecticut. The Post reports ESPN employs about 8,000 people.
ESPN in October 2015 had previously laid off 300 people who worked behind the scenes.
Struggling apparel retailer Bebe Stores to shut all stores
Bebe has stores at Rio Grande Valley Premium Outlets in Mercedes, Sunrise Mall in Brownsville and La Plaza in McAllen. Bebe had said in March that it would explore "strategic alternatives for the company", which often includes a sale.