*Ed Note: This article appears via Bloguin's five star college football blog Crystal Ball Run.
If we’ve learned anything in the past three years while watching schools hopscotch the country from conference to conference, it’s that ESPN now wields an inordinate amount of power over college sports. The Worldwide Leader has been dropping coin on college sports media rights like Johnny Manziel at an Indian casino.
Now, the bill is starting to come due.
Wall Disney Co., ESPN’s parent company, announced its quarterly earnings Tuesday and witnessed a drop of 6 percent in profits. Mickey attributed the slide in part to rising costs related to ESPN’s college football programming.
Operating income from Disney’s cable networks dipped 2 percent from the year-earlier period, down from $967 million to $952 million. The decline occurred despite growing profitability from the firm’s non-ESPN cable networks, which include its Disney channels, ABC Family and the A&E Televisi...