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Disney Cost-Cutting Hits ESPN

TheMotleyFool

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Walt Disney (NYSE: DIS) has been hit on multiple fronts by the impact of the coronavirus pandemic. Its theme parks, hotels, and cruise ships are all closed for business, and ESPN has to continue to air with lower ad revenue and less to show since the sports world -- as least the live-games part -- has shut down.

Now, to save money, the company has asked about 100 on-air personalities to cut their pay by 15% for 90 days, Sports Business Journal first reported. The cuts are being called voluntary, and the people on the list are the highest paid at the network.

ESPN has sped up the release of its miniseries on the Chicago Bulls. Image source: ESPN.

Source Fool.com

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