Bob Iger says Disney's TV and cable business 'may not be core' and leaves the door open to a sale
Disney's no-growth TV and cable businesses"may not be core" to the company and it will be"expansive" about how it treats them, CEO Bob Iger said.company extended his timeAsked if Disney would sell those properties — which include ABC and cable networks like FX and National Geographic — Iger said,"We're going to look expansively at opportunities there. They may not be core to Disney. The business model underpinning those businesses is definitely broken.
"Sports is an advertisers' dream, it lends itself to technology, and our position is very unique," he said."We have a great brand, and want to stay in that business." With subscription growth softening, though, he also acknowledged that there's a lot of work to do. Iger defended Disney+'s low price at launch, saying the goal at the time was to put price pressure on competitors and meet Wall Street's demand for growth. He's since said thatfor streamer Disney+ and that the company would be more selective about spending on content and what gets marketed.
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