Disney could soon sell its TV assets as CEO Bob Iger says business ‘may not be core’ to the company

CNBC ^ | 07/19/2023 | Lillian Rizzo and Alex Sherman

[SeekAndFind]

Key Points

• Disney CEO Bob Iger sat down with CNBC's David Faber at Allen & Co.'s annual conference in Sun Valley, Idaho, on Thursday.
• Disney announced Wednesday that it was extending Iger's contract by two years through 2026.
• Iger returned to the helm of Disney late last year. The company has since undergone thousands of layoffs and cut billions of dollars in spending, including from content.

Disney CEO Bob Iger opened the door to selling the company's linear TV assets as the business struggles during the media industry's transition to streaming and digital offerings.

Iger appeared Thursday on CNBC, the morning after the company announced it would extend his contract by two years through 2026. He returned to the helm of the company in November after Disney's board ousted Bob Chapek with a two-year contract through 2024 and plans to find a next successor.

"After coming back, I realized the company is facing a lot of challenges, some of them self-inflicted," Iger told David Faber at Allen & Co.'s annual conference in Sun Valley, Idaho, noting he's accomplished a lot of work in seven months but there's more to be done.

At the top of the list is assessing the traditional TV business, Iger said. Disney owns a portfolio of TV networks, from broadcast station ABC to cable TV channels like ESPN.

Disney is going to be “expansive” in its thinking about the traditional TV business, leaving the door open to a possible sale of the networks. “They may not be core to Disney,” Iger said, adding the creativity that has come from those networks has been key for Disney.

On Thursday, ABC News President Kim Godwin to employees expressed support for Iger’s contract extension,

[Republican Wildcat]

“Disney CEO responds to claims that the company is sexualizing children: ‘Preposterous and inaccurate’” https://freerepublic.com/focus/f-news/4167620/posts

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Gay chorus that sang about converting kids into LGBT cult partners with Disney for PRIDE concert

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Disney still going all in on woke

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Disney Executives Admit: Of Course We’re Grooming Your Children: Multiple Disney employees admitted their own personal missions to deluge 5- to 9-year-olds with as much of their own sexual ideology as possible.

Disney isn’t just grooming children with radical sexual propaganda — now they’re bragging about it.

On the heels of Florida’s new Parental Rights in Education law, which bars educators from instructing kindergarten through third-grade students about sexual ideology, multiple executives and employees from the Walt Disney Company admitted their own personal missions to deluge 5- to 9-year-olds with as much of their own sexual ideology as possible.

One Disney executive boasted about her “not-at-all-secret gay agenda” and efforts at “adding queerness to” children’s programming, in leaked audio published by investigative journalist Chris Rufo on Tuesday.

“Our leadership over there has been so welcoming to my, like, not-at-all-secret gay agenda,” said Latoya Raveneau, an executive producer for Disney Television Animation. “I was just, wherever I could, just basically adding queerness … No one would stop me and no one was trying to stop me.”

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“Disney CEO responds to claims that the company is sexualizing children: ‘Preposterous and inaccurate’” https://freerepublic.com/focus/f-news/4167620/posts

[LeoWindhorse]

Dump Iger

[Republican Wildcat]

At the top of the list is assessing the traditional TV business, Iger said. Disney owns a portfolio of TV networks, from broadcast station ABC to cable TV channels like ESPN. Disney is going to be “expansive” in its thinking about the traditional TV business, leaving the door open to a possible sale of the networks. “They may not be core to Disney,” Iger said, adding the creativity that has come from those networks has been key for Disney.

Any benevolent multibillionaires lurking out there?

[wildcard_redneck]

The only thing that could save Disney is for shareholders to force out the entire executive team and to bring in top talent from outside of California with every one of the executives subjected to an extensive background check to weed out crypto perverts. After new managment was in place they would need to weed out all the perverts and leftists from the employees.

[pepsi_junkie]

After new managment was in place they would need to weed out all the perverts and leftists from the employees.

Hang up a poster of Trump in the lobby and they'll all run to out themselves.

[cowboyusa]

Buy ABC News, Musk!

[bigbob]

Broadcast television is already down the drain and cable TV is swirling around it.

[Bshaw]

Endless Disney B-slap ping!

[Allegra]

“Our leadership over there has been so welcoming to my, like, not-at-all-secret gay agenda,” said Latoya Raveneau, an executive producer for Disney Television Animation. “I was just, wherever I could, just basically adding queerness … No one would stop me and no one was trying to stop me.”

She’s got a “like,” a “just” and a “basically” in there. All the demon-dyke is missing is a “literally,” pronounced “litter-lee,” of course.

Evil, selfish b*tch.

[Brian Griffin]

Run Disney like Walt & Roy Disney would have.

Perhaps:

Disney parks - safe & enchanting for children, a fair value for their parents

ABC - the best news and enjoyable family programming available

ESPN - comprehensive & fairly priced

Management must put in the effort and the thought required.

[pepsionice]

The parks, if run without political intrigue, can be a money-maker.

ESPN, if run purely on sports (trimming commentary/analysis down by 75-percent) could be restored.

ABC, I’m not sure if they hold any value at this point.

[ViLaLuz]

“WE’RE COMING FOR YOUR CHILDREN”

[Jonty30]

Rumour is that Disney is being sold to Apple.

[Governor Dinwiddie]

Disney has a vault of movies from its golden years. They could have forever guaranteed
income by releasing them theatrically again and in DVD format and streaming. Movies like
Song of the South, Pinocchio, Lady and the Tramp, and Sleeping Beauty. But these movies
aren't "woke". They represent everything that Disney is not.

Disney is now a smut factory.

[joshua c]

all for divestiture

decentralize control

[4Runner]

I would like to see Kissimmee turned into one gigantic parking lot. Or at least some orange groves. Enough of these people.

[Liz]

variety.com
By Jennifer Maas

Disney’s Chief Diversity Officer
Latondra Newton Exits
(Disney destroyer number one)

Disney’s chief diversity officer and senior vice president Latondra Newton is exiting her role after more than six years, according to an internal memo obtained by Variety.

An individual with knowledge of the situation says that Newton will be joining the corporate board of another company soon, and plans to devote more time to her self-owned creative company.

In her role as head of DEI operations at Disney, Newton was charged with overseeing the company’s “commitment to produce entertainment that reflects a global audience and sustains a welcoming and inclusive workplace for everyone.”

Upon her departure, Newton’s direct reports will report to Julie Merges on an interim basis until a new chief diversity officer is named. Shelby Curry and the DEI internal communications team will continue to report to internal communications and engagement exec Carrie Brown.

Previously, Newton served as group vice president of social innovation and chief diversity officer at Toyota Motor North America, Inc. and chief program officer for Toyota Mobility Foundation, Toyota Motor Corporation. She began her career at Toyota in 1991.

Newton’s exit from Disney comes less than a week after CEO Bob Iger announced CFO Christine McCarthy’s decision to step down from her role. See Disney HR chief Sonia Coleman’s note to staff announcing Newton’s departure below. To our extended DEI and HR team, I’m writing to share the news that Latondra Newton has decided to leave The Walt Disney Company to pursue other endeavors.

Since joining the company in 2017, Latondra has led the company’s strategic diversity, equity and inclusion initiatives, including partnering with stakeholders across the enterprise to amplify stories of the world by people around the world. She has been dedicated to ensuring every person sees themselves and their life experiences represented in a meaningful and authentic way.

I know you all join me in thanking Latondra for her many contributions, including the lasting impact she has had on our employees and our culture. Working alongside all of you and so many others, she has inspired countless cast members and employees to bring about lasting change and to help create a world where we can all feel safe and we all belong.

Latondra’s direct reports will report to Julie Merges on an interim basis until a new DEI leader is identified. I want to thank Julie for leading this team along with her Talent Acquisition organization. Additionally, Shelby Curry and the DEI Internal Communications team will continue reporting to Carrie Brown in her role leading internal communications & engagement for the company.

[Liz]

This how braindead the feminist Gestapo is.

They insisted company DEI idiots all be women.....then they bitched b/c all the DEI know-nothing jerks dismissed were women.

[Liz]

Feminist Gestapo ping