Disney CEO Bob Iger opened the door to selling the company's linear TV assets as the business struggled during the media industry's transition to streaming and digital offerings.Iger appeared Thursday on CNBC, the morning after the company announced it would extend his contract by two years through 2026.
He returned to the helm of the company in November after Disney's board ousted Bob Chapek with a two-year contract through 2024 and plans to find a next successor.related investing news"After coming back, I realized the company is facing a lot of challenges, some of them self-inflicted," Iger told David Faber at Allen & Co.'s annual conference in Sun Valley, Idaho, noting he's accomplished a lot of work in seven months but there's more to be done.At the top of the list is assessing the traditional TV business, Iger said.
Disney owns a portfolio of TV networks, from broadcast station ABC to cable TV channels like ESPN.