Not a fraud. The charge is an annual recurring charge for ESPN.com. The subscription includes the print copy of ESPN the Magazine as well as ESPN Insider content on the website.
I saw this and thought it was a fraud. Then I checked my account at ESPN and it was confirmed that they were the ones charging the account. If you don't want the service, you can go to ESPN.com and go to your account and cancel. I don't know if there is a refund or not.