To answer some of the questions you are getting about the logical error:<p>The logical error is assuming that sports franchises are overvalued just because the entertainment options that report on sports (ESPN) may be overvalued.<p>The OP is saying that reddit&#x2F;r&#x2F;cfb, reddit&#x2F;r&#x2F;nba, bleacher report, twitter, youtube etc. all now actively compete against ESPN&#x27;s cash cow, highlights &#x2F; analysis.<p>People are tuning in to live sports more than ever, and sports are the only consistent option for TV advertisers to capture viewers due to the importance of watching sports live.<p>Several major college football conferences will be renegotiating their TV rights over the next 36 months, including the Big 10.  Most people expect it to be the highest price ever paid for TV rights because there are so few &#x27;live&#x27; options left for advertisers and the Big 10&#x27;s viewership is increasing rapidly.  At the same time, less and less people think ESPN is important.