NFL BROADCAST NETWORKS LOOKING AT $200 MILLION LOSS OF EARNINGS
CBS, NBC (CMCSA), FOX (FOXA) & ESPN (DIS) expected to generate $2.5 billion in advertising revenues during the 2017 season; but a 12% YOY ratings decline in Week 1, followed by a 15% YOY decline in Week 2, may indicate the networks will fall several hundred million dollars short of that estimate. A 10% viewership decline would likely cost the networks more than $200 million in potential earnings. Between the Sept. 7 start of the NFL season and the end of Week 2, shares of DIS, CMCSA & CBS were down 3, 5 and 7% respectively; with shares of FOXA up 2%.
Howie Long-Short: Look for the league to change its stance on legalized gambling should the ratings continue to slide.
Fan Marino: How come no one wants to talk about the fact that since 2009, only 3 QBs drafted (and still starting) have won a playoff game (Russell Wilson, Cam Newton and Andrew Luck). The product is stale.