Rich Greenfield on Bloomberg Highlighting Disney’s ESPN Risks
In the “Pre-Mortem” section in our dividend letter focused on The Walt Disney Company (DIS) we solely discussed ESPN. How cord-cutting and rising costs are detrimental to ESPN’s and Disney’s profitability in the short-run.
The best coverage and also the most vocal on these issues has come from Rich Greenfield of BTIG Research. He appeared on Bloomberg to discuss Disney’s recent earnings and to further discuss issues surrounding ESPN.