Disney’s Iger Bullish on ESPN Future Despite Earnings Miss

CNBC: Disney CEO Bob Iger says the entertainment giant is going through a transition period, predicting modest growth in its next fiscal year, with more robust growth ahead. But in the meantime, ESPN must continue to deal with a declining number of subscribers. In the face of persistent concerns about ESPN, Iger defended the business, saying when accounting for the tough comparisons, “it was a very strong quarter of a phenomenal year.”