Comcast sold off its linear cable channels. Warner Bros. Discovery was about to do the same with its cable TV portfolio until David Ellison came into the picture. But Disney has so far bucked the trend of divesting the legacy assets that have become a burden to most media giants in the eyes of Wall Street analysts. On Wednesday, during Disney’s quarterly earnings call, the new regime led by CEO Josh D’Amaro laid out the vision for operating ABC , FX, Disney Channel, Freeform and the handful of other domestic channels still in the Magic Kingdom. Hugh Johnston, Disney’s chief financial officer, pointed to FX and its success in 2024 with the global hit “Shogun.” “These networks are better thought of as brands with studios that produce content like ‘The Bear’ or ‘Shogun,’ and we monetize that content across multiple distribution platforms.…