Disney CEO Iger Considers Selling TV Assets Amidst Struggling Linear Business
Disney CEO Bob Iger has indicated that the company may consider selling its linear TV assets as the traditional TV business struggles amidst the industry's shift towards streaming and digital platforms. While Disney is open to finding a strategic partner for cable-TV channel ESPN, Iger stated that the company will be "expansive" in its thinking about the traditional TV business, leaving the door open to a possible sale of the networks. Iger also mentioned that the challenges faced by the company are partly self-inflicted, and he aims to address them while bringing Disney's streaming business to profitability.