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0.000625260525218865 -0.000729470612755392 -0.00200708628595247 -0.0020842017507295 0.00286577740725293 0.00102751146310953 0.00197999166319297 0.00192788661942478
Stock impact report

CNBC Sport: ESPN Chairman Jimmy Pitaro on the most important bet in media [CNBC]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: CNBC
brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. ESPN, as we've known it for the last 40 years, is in its end game. ESPN President Jimmy Pitaro , who I spoke with this week in an exclusive interview, doesn't shy away from that. “We're navigating through a storm,” Pitaro said to me as his first words in our wide-ranging interview, which you can see in full below. “If you look at the past few years, 7% to 8% fewer households are watching television. That's been a great business model to ESPN and to the Walt Disney Company . When that business model is in decline, you have to adjust, and that's what we're doing right now.” The frightening concoction is the same for all legacy media companies that rely on traditional pay-TV for the bulk of their revenue: Cable subscribers are dropping by the millions each year, and streaming – as a replacement service – is either unprofitabl Show less Read more
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