OG Business: Is Pat McAfee really worth $60M to ESPN?
Is a reported $60 million price tag worth it for a licensed property, or has traditional media backed itself into a corner it can't afford to escape? Just one week after Front Office Sports reported that ESPN is bracing for another painful round of layoffs targeting front-facing, on-air talent, news leaks that the network is actively negotiating a massive, multi-million dollar extension to keep The Pat McAfee Show in-house. Joe and Demetri parse the critical case for and against this massive valuation. Because ESPN merely licenses the show rather than owning its intellectual property, it begs…
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