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Tag: Disney

Walt Disney Company CEO Robert Iger, seen in 2012, said he's "open" to staying on board as the company's leader beyond his 2018 expected departure

ESPN’s Financial Losses Hammer Disney’s Stock Shares

The Magic Kingdom seems decidedly less magic nowadays. First, Disney’s sports propaganda wing, ESPN, sheds over 100 employees in response to the network’s numerous political and structural failings, and now we bring news that despite ESPN’s attempts to better the bottom line through layoffs, the network is still destroying Disney’s stock value.

More Than a ‘Bloodbath’: 100 Layoffs at ESPN

Reports of the number of layoffs to befall employees at cable sports network ESPN have been steadily increasing, but no one expected that the full measure would amount to 100 employees. The shocking toll was realized today as employees began receiving their pink slips.

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