unprofitable

Many of the locations to be shuttered are too old to be remodeled or are in unprofitable areas, Dunn said.

As consumers increasingly abandon cable and satellite broadcasts in favor of streaming, broadcast rights deals that pay teams based on an economic model of subscribers paying for a regional sports network, whether they watch it or not, have become outdated and often unprofitable.

Its owner at the time, Exelon, which spun out Constellation as an independent business in 2022, said the low cost of natural gas extraction had made nuclear-generated electricity unprofitable.

The trend is a national one: More than 200 hospitals across the country have closed labor and delivery units since 2011, often because they are unprofitable and harder to staff than other hospital services.

Critics say venturing into movies, music and other entertainment can be unprofitable.