![]() “But it was one of the things that he talked about.” ![]() He was very honest about that piece, and he said we just have to be mindful about the future business and that we’re going to endure,” a Disney insider said. “He said that linear and news is very important for the company. In an offsite meeting for Disney’s TV execs led by Disney Entertainment co-chairman Dana Walden on July 18 - one that had been planned since mid-June and was not scheduled in reaction to Iger’s headline-making interview with CNBC on July 12, the Disney CEO did address his remarks. In comparison, NBC has a 0.4 rating and is averaging 2.94 million viewers, Fox is at a 0.3 and 1.6 million viewers, and CBS holds a 0.2 and 2.86 million viewers. Currently, the Disney-owned broadcaster is the top-rated network in both adults 18-49 (0.6) and average total viewers (3.2 million) based on Nielsen data from May 25-July 9. It should be noted that Iger’s comments come amid a summer primetime ratings win for ABC. But it’s a challenging business and they’re fighting off sub losses daily.” I think broadcast and cable will be around, in some form, for a long time. And if you’ve listened to Bob’s remarks, it sounds like linear won’t be around. But he’s maybe even more negative than I would have expected because radio has been around for 100-plus years, but it’s still around. ![]() “I’m not sure exactly what he means, if it’s a complete disposal or some kind of different structure - but he was saying the obvious, meaning the business is incredibly challenged on a secular basis. “Does he mean all of the linear business or just some of the cable networks? Does he mean ABC and the ABC stations? That part wasn’t clear,” Bank of America Securities media and entertainment analyst Jessica Reif Ehrlich told Variety. ![]()
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