Menu

Post image 1
Post image 2
Post image 3
Post image 4
Post image 5
Post image 6
Post image 7
Post image 8
Post image 9
Post image 10
Post image 11
Post image 12
Post image 13
Post image 14
1 / 14
0

Disney CFO Answers A Wall Street Question “We Get A Lot”: Why Is The Company Sticking With Linear TV?

Deadline·Dade Hayes·26 days ago
#dGvprxLc
Reading 0:00
15s threshold

Reaffirming the company’s long-established strategy, Disney CFO Hugh Johnston told Wall Street analysts Wednesday on an earnings call there are no plans to spin off or sell linear TV networks. The question has surfaced anew given the changing of the executive guard, with Josh D’Amaro succeeding Bob Iger as CEO earlier this year. Iger in 2023 made waves when he said linear networks “may not be core” assets , though he later walked back the comments, calling them a public “test” of strategic thinking. The conference call with analysts followed Disney’s report of better-than-expected earnings results . Streaming gains by Disney+ and Hulu powered a big performance by the Entertainment division. Watch on Deadline Rivals Comcast and Warner Bros. Discovery have made moves in recent months to rid their balance sheets of linear TV, which is experiencing secular decline due to cord-cutting. Stocks of companies seen as dependent on linear have taken a beating over the past few years.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More