espn
Following are excerpts from the unofficial transcript of a CNBC exclusive interview with Walt Disney Co (NYSE:DIS) CEO Bob Chapek on CNBC’s “Squawk on the Street” (M-F, 9AM-11AM ET) today, Thursday, September 15. Disney CEO Bob Chapek On Rising Operating Costs, Activist Investor Dan LoebDisney CEO Bob Chapek: ESPN Will Not Be Your Father’s Old Sports ExperiencePart IDAVID FABER: Yeah, it was an interesting conversation with Bob Chapek. Obviously, it came after his appearance at the Communacopia event not far from here where any number of both tech and media CEOs were speaking or at least quest...
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What’s New In Activism – Third Point Backtracks On ESPNThird Point Partners’ Dan Loeb backtracked on his push for a spinoff of sports broadcaster ESPN after parent Walt Disney rejected the idea. Over the weekend, Walt Disney CEO Bob Chapek told several media outlets that he had confidence in ESPN’s value within the media group. Q2 2022 hedge fund letters, conferences and more A month ago, Loeb said in a letter to Chapek that he planned to push for a string of changes at Disney. The activist argued spinning off ESPN would allow Disney to reduce its $46-billion debt load. Loeb also called on Dis...
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