ESPN, Broadcasters Are Said to Confront Football Ad Slump - Bloomberg: “If advertisers were buying football because they believe it’s always going to grow, what happened this past season proves football is not immune to decline,” said Brian Wieser, an analyst with Pivotal Research.
Still, many of the most-watched shows on TV last year were sports, which accounted for 31 percent of national TV advertising in 2016, up from 22 percent in 2011, according to Kantar Media. ESPN has been a major contributor to Walt Disney Co.’s profit, while 21st Century Fox Inc., parent of the Fox network, has invested heavily in sports. Virtually all of the largest media companies, including CBS Corp., NBC owner Comcast Corp. and Time Warner Inc., have costly long-term contracts to air sports.
Still, many of the most-watched shows on TV last year were sports, which accounted for 31 percent of national TV advertising in 2016, up from 22 percent in 2011, according to Kantar Media. ESPN has been a major contributor to Walt Disney Co.’s profit, while 21st Century Fox Inc., parent of the Fox network, has invested heavily in sports. Virtually all of the largest media companies, including CBS Corp., NBC owner Comcast Corp. and Time Warner Inc., have costly long-term contracts to air sports.