Disney says it's not bailing on traditional TV yet. Its rivals might
A Disney executive said the "operational complexity" of selling its TV networks would offset the benefits
Disney (DIS) has no plans to sell its traditional broadcast and cable networks, setting itself apart from competitors who are actively considering shedding their linear TV assets.
Disney CFO Hugh Johnston told CNBC on Thursday that the company has looked at the math and believes a sale of its linear TV assets would be too operationally complex to justify the expected benefits.
“You can do spreadsheet math to justify just about anything, but when you look at operationally what it takes to do that, we came to the conclusion pretty quickly: This is actually a good integrated portfolio, and the cost of doing it is probably more than the benefit,” Johnston said.
Is it a matter of fear of moving to a different strategy or they've got a point? Anyways they're a multi billion dollar company and I'm not 🤣