Why OTA, they could get more with something like Pluto TV, easier to track what people are watching, then could make more money with targeted advertising.
Even so, still going to be a lost of revenue whatever route they take, right now, ESPN 1 and 2 get roughly $9 per sub, have already lost, roughly, 30 million subscribers, that is $270 million a month or $3.2 billion gone, never coming back.
Now, they are losing another 2 million subs a quarter, 8 million a year gone, so by the end of the year, they have lost another $864 million in sub fees that are never coming back-( Math-$9 x 8,000,000 x 12 months).
Now, with less revenue coming in, they are starting to lose rights to certain sports, Big Ten was the start, they have reportedly dropped out of the Sunday Ticket rights because it is too expensive, as more rights come up they are going to find themselves out bided a lot more, because they cannot afford the overpayment for Sports Rights that others are doing.
By the way, I love watching the Big Ten, there is no way that deal should of been $7 billion (1 billion a year) dollars, for basically 3-4 games a week with limited appeal Nationwide, heck, the NFL gets $2 Billion a year each from Fox and CBS, the NFL has a lot more appeal then the Big Ten and that contract was too high.