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Disney CEO Bob Iger opens door to unloading TV assets as linear business struggles

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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.

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.

“After coming back, I realized the company is facing a lot of challenges, some of them self inflicted,” Iger told CNBC’s Faber on Thursday, 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 core to Disney.

 

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