Over the weekend, it was announced that Bob Iger would be returning to the Walt Disney Company to run once again the media empire, which was a shocking decision to some.
Bob Chapek, who replaced Iger in 2020 as CEO, is stepping down immediately as Iger returns to the position after a two-year absence. Many news media outlets are discussing the change, such as Fox News.
Former ESPN employee and current “Fox & Friends Weekend” co-host Will Cain discussed what the changes mean at the parent company for the sports network he used to do a radio show on and morning television.
“I think Iger is a strong voice. I think Iger will take a strong stand on whatever it is he believes,” Cain said Monday on “America’s Newsroom.”
“But what he believes is really progressive values. That’s what will drive Disney’s decisions. I believe Iger would have stood up in Florida. He just would have stood up against Ron DeSantis. He will be for the continued woke-ification of Disney.”
Investors are elated by the news of Iger’s return as it sent Disney shares up 9 percent Monday after the stock lost roughly 36 percent of its value this year.
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at eddie1991razo@gmail.com.
