NBC CEO Steve Burke described his "nightmare" before the Olympics: "We wake up someday and the ratings are down 20 percent. If that happens, my prediction would be that millennials had been in a Facebook bubble or a Snapchat bubble and the Olympics have come, and they didn’t know it." That almost happened. Ratings were down 17%. NBC/Comcast has prepaid for the Olympics through 2032. That looks like a bad deal now.
This is happening for other major sports. The average age over the past decade of National Football League and Major League Baseball viewers has increased by four and seven years, respectively, to 47 and 53. Baseball is a dying industry.
Of the top 100 high schools in the US, 67% do NOT have a football team.[2] In 1998, the top 10 had only one school without a football team. This year’s top 10 has seven.
[1] http://www.bloomberg.com/news/articles/2016-08-19/nbc-s-12-b... [2] http://apps.washingtonpost.com/g/page/local/americas-most-ch...