The sports cable behemoth ESPN began a round of layoffs on Wednesday morning that could ultimately lead to more than 100 job losses, according to media reports. The layoffs are expected to primarily affect on-air radio and television talent, including some of the network’s most notable names. Layoffs have been looming at ESPN for months as the network continues to lose cable subscribers, who provide much of its monthly and annual revenue. ESPN lost more than 1 million subscribers last October and November alone, as audiences’ changing cable and streaming habits cause shifts in the broader industry. ESPN said in a quarterly earnings report last year that it lost 7 million subscribers between 2011 and 2015, and it has reportedly lost 12 million total subscribers over the past five years.

Source: Huffington Post April 26, 2017 14:30 UTC