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Jenny Goldsberry, Social Media Producer


NextImg:Disney CEO suggests ABC 'may not be core to Disney'


Disney CEO Bob Iger explained the forecast for the company's television assets Thursday.

Iger, who at first was temporarily reinstated as CEO but will remain in the position indefinitely as of Thursday, explained the changing media landscape during an interview with CNBC. He did not mention ABC by name, but it is among the most notable of the company's affiliated networks.

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"We're going to look expansively about opportunities," Iger said. “They may not be core to Disney."

ABC has lost viewers since last year among its scripted and non-scripted programs. Disney also took over the broadcast of one of its hit shows, Dancing with the Stars, last year after ABC hosted the program for 16 years.

"The distribution model, the business model that forms the underpinning of that business — and that has delivered great profits over the years — is definitely broken," Iger went on.

Even ESPN risks some distancing from the entertainment giant, as Iger suggested a joint venture with another partner or offloading its ownership stake. Disney still has plans to launch an ESPN streaming service, however.

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This interview comes two weeks after ESPN announced it will attempt a "cost savings" measure by laying off an unknown number of commentators. One anchor, Suzie Kolber, had been with the network for 27 years before she was laid off.

Disney similarly announced layoffs for 75 Pixar Animation Studio employees earlier this month. In February, Disney laid off an additional 7,000 employees in a $5.5 billion effort in cost savings, which represented roughly 3% of Disney's 220,000 global employees.