As for questions of when ESPN will break out of the TV bundle and sell its product directly to consumers, Skipper said it's carefully watching — and where it makes sense, it already is going directly to consumers. "We sold the World Cup of cricket last year over the top. We generated 100,000 subscriptions at $100 a piece. So we know how to do it, we will continue to look for other opportunities that does not exist on our current linear networks, to put over the top."
But for the most part, Skipper says he doesn't expect the landscape to change too dramatically over the next three years: "For the foreseeable future the predominance of content that people consume on television or video will be in a pay TV bundle. We have authenticated TV. All our content is available on any device. The idea of going direct to consumer with that content is not the best way to drive value right now."
And despite the fact that sports rights continue to rise dramatically, Skipper said he's not concerned about those costs weighing on his bottom line. Rather he said he's glad he's locked them in. "Sports rights are going to continue to appreciate in the prices they can command on TV," said Skipper. "If you look at the last six years we have triple the growth rate of our TV peers in ad dollars on TV."
Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.