In February 2023, the Walt Disney Company — parent of ABC Owned Stations and ESPN — revealed that, “to restore creativity to the center” of its business, Disney would reorganize its media and entertainment businesses.
These were previously reported in one segment, Disney Media and Entertainment Distribution. As a result of the reorganization, Q4 2023 financials will be reported in two segments. A resulting media frenzy in reporting ESPN’s declining fortunes commenced. But, how healthy are the ABC assets?
It’s still not crystal clear.
