Tom Staggs and Kevin Mayer, former top lieutenants to Disney Chief Executive Bob Iger, who have deep ties in investing circles, will help recruit and evaluate potential strategic partners for ESPN:
The sports media unit remains profitable and part of Disney. But expect the company to keep a close eye on its financial performance.During an appearance on CNBC earlier this month, Iger said the company was open to inviting in “strategic partners that could either help us with distribution or content” for ESPN.
Pay-TV providers, including DirecTV, Comcast Xfinity and Charter Spectrum, pay stiff fees to distribute the ESPN channels to their customers.
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