Earlier this month, a report surfaced claiming Nextar Media Group was exploring a potential purchase of the ABC television network. Allen Media Group --...
"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."'
"The minority investment will aim to broaden distribution as ESPN works on executing “Project Flagship,” a plan to unveil a direct-to-consumer (DTC) offering."
Borrell Associates projects that figure will climb considerably over the next four years as the industry undergoes what it describes as a "great reshuffling."