The Worldwide Leader in Sports is not in dire trouble yet.
It still makes a ton of money and is No. 1 in everything it wants to win but its business model is in jeopardy: ESPN makes well north of 60 percent of its money from people who pay for cable or satellite television service, and a startling number of former customers have been cutting the cord over the past five years.
Math is simple and cruel. The pie is getting smaller.