"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.
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. Iger said when he had left the company he had predicted the future of traditional TV and had been "very pessimistic," and has found since his return that he was right in his thinking, adding it's worse than he expected.with Faber in February, soon after announcing a major restructuring at the company, he said that he felt "a sense of obligation" to return to Disney and that his preference was to stay for his two-year contract.
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