Disney doesn't plan to change its TV networks portfolio anytime soon [CNBC]
Fox Corporation - Class B (FOX)
Last fox corporation - class b earnings: 5/10 04:03 pm
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Source: CNBC
The comments come more than a year after CEO Bob Iger opened the door to selling Disney's linear TV assets, and weeks after Comcast said it was considering the separation of its cable networks. Disney reported earnings on Thursday, which highlighted significant growth in the streaming business while traditional TV networks' metrics continue to detract. Disney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now. The company's Chief Financial Officer, Hugh Johnston, said Thursday on CNBC's “Squawk Box” that the “cost is probably more than the benefit” when it comes to separating its TV networks business, given the “operational complexity.” The future of the traditional TV network business has been top of mind in the media industry. In late October, Comcast executives said they were exploring a separation of the cable networks business . Executives said the process was in early stages and the outcome was unclear. The
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