Disney Misses Estimates as Fewer Ad Sales Hurt Cable

The transcript discusses Disney's financial performance, focusing on earnings, revenue, and the impact of ratings on advertising revenue. It highlights the challenges faced by media companies due to declining sports viewership and the strategic investments made by Disney to adapt. The discussion also touches on Disney's management succession plans, emphasizing the uncertainty following Tom Staggs' departure and Bob Iger's extended tenure.

What factors contributed to the decline in ESPN's advertising revenue?

How has the NFL viewership collapse affected media companies like Disney?

What are the implications of a potential bear market in live sports for media companies?

Discuss the challenges Disney faces with its sports programming commitments.

What is the current status of management succession at Disney?