Disney’s Bob Iger: ESPN Has Value Amid Disruption

Bloomberg: While “Star Wars” has broken records, other parts of Disney’s businesses have raised concerns among investors. Recent subscriber losses at ESPN, which remains the dominant sports outlet in America and is Disney’s most profitable channel, have contributed to two meltdowns in media stocks since August. “It’s clear that television is experiencing some disruptive forces,” said CEO Bob Iger. Still, “ESPN is something of great value in a disrupted market.”