"Our work in building our digital assets continues to pay off; this is the sixth consecutive quarter in which the Digital Audio Group Adjusted EBITDA is larger than the Multiplatform Group Adjusted EBITDA.”
"Sherman writes that at the height of the Covid-19 pandemic, Pitaro had become 'so demoralized' with Chapek’s attempts to reorganize the Walt Disney Company that 'he contemplated leaving the company."'
“It is with an incredible sense of gratitude and humility — and, I must admit, a bit of amazement — that I write to you this evening with the news that I am returning to The Walt Disney Company as Chief Executive Officer."
During a Twitter thread Sunday, Loeb said he now "has a better understanding of ESPN's potential as a standalone business and another vertical for Disney to reach a global audience to generate ad and subscriber revenues".
In the midst of some large media companies not growing at the rate once seen, and in a lot of cases declining, the appeal of being in streaming and linear offerings is strong.