The company has lost more than $11 billion on streaming since 2019 and experienced a sharp decline in its traditional TV business for the second straight quarter.
The league embraces progressive causes supported by players. But some team owners pull in the opposite direction, as apparent in the Orlando Magic’s donation to Gov. Ron DeSantis of Florida.
Even as civil rights groups suggest travelers should rethink trips to the state because of policies enacted by its Republican lawmakers, it remains a tourism juggernaut. And some visitors say their spending actually supports opposition to the new laws.