The media giant reported $321 million in operating income for its streaming services in the fourth quarter, just two years after they were losing more than $4 billion.
ESPN announced a long-awaited round of layoffs today. About 100 staff members are expected to be let go, including on-air reporters and commentators. The cuts are a clear sign of the new economic reality facing live sports broadcasting. Click the audio player above to hear the full story.
Disney doesn’t appear to have plans in place for its future leadership yet, so there’s speculation that CEO Robert Iger may need to stick around beyond 2018 — the latest date he said he’d step down. The company has had trouble finding a replacement as the landscape of cable TV continues to change and cord […]
