Disney, Time Warner: Cord-Cutting Fears Overblown?

Barron’s: Drexel Hamilton analyst Tony Wible has contended that Disney and Time Warner are oversold on fears of cord cutting: “Our study shows that the greatest exposure lies with CBS, 21st Century Fox and Viacom, while Disney and Time Warner fair relatively well. We note that our analysis ignores cost cutting efforts and the benefits that we believe CBS, Disney, and Time Warner will have with their own OTT offerings. We suspect Disney will have a non-sports OTT product by 2019.”