ESPN Announces Layoffs of On-Air Personalities to Cut Costs

In a move that surprised many sports fans and underscored the challenges for media companies, ESPN announced Friday that it had laid off some broadcast journalists in hopes of saving money.

ESPN said in a statement that it needed to cut costs “in the area of public-facing commentator salaries,” including “a small group of job cuts in the short term.” The layoffs included some of the network’s biggest names. READ MORE

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