ESPN
Executive Summary: ESPN demonstrates how a monopoly works in the contemporary media landscape, a landscape in which the cost of information is diminishing and the necessity of diversified revenue streams is increasing. By distributing content across multiple platforms, like their website, their television programs, their magazine and their mobile applications, ESPN maintains a steady position as the leader in sports news. No competitor has managed to knock ESPN off its horse, primarily because ESPN can outbid practically any other network or media group for content. The media groups of individual sports leagues like Major League Baseball pose an interesting threat to ESPN. These groups develop their own …show more content…
Since its inception in September of 1979, ESPN has appealed to consumers on a more conversational, personable level than most other sports outlets or media organizations. The network has developed personalities like Chris “Boomer” Berman and Stuart Scott who involve their audience by combining references to pop-culture with sports. As a result, ESPN has developed as an incredibly strong brand, known for being “cool.” Competitors like CBS and NBC Sports are certainly well established brands of their own, but their brands aren’t as “hip” as …show more content…
In order to prevent that, ESPN has to consider mergers and collaborations. While the MLB might not be interested, yet, ESPN has already reached out to the NFL Network about the possibility of combining their ESPN Classics channel with the NFL Network. By doing so, the long arm of ESPN could bolster viewership and the specialized content of the NFL Network could expand advertising revenues. Whether a similar deal could be made with the MLB Network, which, as the MLBAM case study stated, “is the gold standard among sports leagues,” is uncertain, but often these specialized networks see themselves as broadcast partners, not competitors of