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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.

Eli Harold, Colin Kaepernick, Eric Reid

Disney Could Sell ESPN, Due To Massive Subscriber Loss

Using the backdrop of Disney’s plummeting shares, a drop in value in no way helped by ESPN losing nine million subscribers in the last three years, Bloomberg’s Tara Lachapelle describes a possible move that Disney CEO Bob Iger could make to reverse the company’s sagging fortunes.

Mickey Mouse (Paul Hiffmeyer / Disney / Getty)

Why Disney Passed on Buying Twitter

Although Disney seemed like the perfect suitor for Twitter, the company passed on the strategic acquisition over concerns that social media’s bullying, raunchy language and hate speech risked undermining the Magic Kingdom’s wholesome family image.

Mickey Mouse (Paul Hiffmeyer / Disney / Getty)

Disney Has a Magic Kingdom of Reasons to Buy Twitter

Disney has significant advantages over other bidders to acquire Twitter. First, Twitter’s CEO Jack Dorsey serves on Disney’s Board of Directors. But the biggest advantage is that Disney owns a 33 percent stake in BAMTech, the tech spinout from Major League Baseball that owns the app powering Twitter’s streaming of NFL games on the web.