Disney Pressures ESPN to Tighten Belt as Costs Rise

USA Today: Rising costs are said to be eating into earnings at Disney’s largest division, media networks, which include ESPN, the Disney Channel and ABC. Disney blames higher programming and production costs at ESPN, which pays billions for rights to air live sporting events. An internal memo to higher-ups at ESPN detailed how salaries for talent are impacting costs. Potentially large moves are said to be on the horizon that may save the company money.