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
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