JimBowie1958
Old Fogey
- Sep 25, 2011
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The NFL/ESPN partnership to push leftwing horse shit politics onto America is a bust but as almost everyone knows, the left does not give up control of a business that they find useful merely because they are driving it into bankruptcy.
Disney Could Sell ESPN, Due To Massive Subscriber Loss - Breitbart
Lachapelle then makes her case, citing how much of a disaster ESPN has become: “…ESPN has continued to weigh on Disney’s results as the NFL struggles to keep viewers. A Nielsen report showed that ESPN, ESPN 2 and ESPNU lost more than 600,000 subscribers from October to November. ESPN’s NFL ratings have suffered a 17 percent decline this season, according to Nielsen data as of last week. Separately, Disney’s ABC network is faring the worst among the top broadcasters, with ratings down 11 percent for the season as of Nov. 9 versus a year ago.”
Lachapelle is not alone in talking about Disney getting rid of ESPN: “Last month, billionaire John Malone — the dealmaker of all media dealmakers — speculated that Disney may spin off or sell ESPN, along with maybe ABC. He then went so far as to say Apple Inc. may be interested in merging with Disney after the split. The Edge, which analyzes spinoffs, has written about a Disney breakup, too, noting that the media networks and the rest of Disney “lack sufficient synergies and have vastly different outlooks and business model challenges.”
Some market analysts believe ESPN has kneecapped the entire media networks division at Disney: “Now, RBC Capital Markets analyst Steven Cahall is jumping on the bandwagon. In a report Monday, Cahall wrote that ESPN “has almost single-handedly de-rated Disney by about 3.5 to 4 turns” of its Ebitda multiple. After the stock got a small pop Monday, Disney was valued at 10.7 times the Ebitda it generated in the past 12 months. That’s down from a multiple of nearly 14 about a year ago, according to data compiled by Bloomberg.”
Disney Could Sell ESPN, Due To Massive Subscriber Loss - Breitbart
Lachapelle then makes her case, citing how much of a disaster ESPN has become: “…ESPN has continued to weigh on Disney’s results as the NFL struggles to keep viewers. A Nielsen report showed that ESPN, ESPN 2 and ESPNU lost more than 600,000 subscribers from October to November. ESPN’s NFL ratings have suffered a 17 percent decline this season, according to Nielsen data as of last week. Separately, Disney’s ABC network is faring the worst among the top broadcasters, with ratings down 11 percent for the season as of Nov. 9 versus a year ago.”
Lachapelle is not alone in talking about Disney getting rid of ESPN: “Last month, billionaire John Malone — the dealmaker of all media dealmakers — speculated that Disney may spin off or sell ESPN, along with maybe ABC. He then went so far as to say Apple Inc. may be interested in merging with Disney after the split. The Edge, which analyzes spinoffs, has written about a Disney breakup, too, noting that the media networks and the rest of Disney “lack sufficient synergies and have vastly different outlooks and business model challenges.”
Some market analysts believe ESPN has kneecapped the entire media networks division at Disney: “Now, RBC Capital Markets analyst Steven Cahall is jumping on the bandwagon. In a report Monday, Cahall wrote that ESPN “has almost single-handedly de-rated Disney by about 3.5 to 4 turns” of its Ebitda multiple. After the stock got a small pop Monday, Disney was valued at 10.7 times the Ebitda it generated in the past 12 months. That’s down from a multiple of nearly 14 about a year ago, according to data compiled by Bloomberg.”