ESPN Is an Albatross For Walt Disney Co (DIS) Stock
Published reports indicate that cable channel ESPN is preparing another round of cuts to its on-air talent, as parent company Walt Disney Co (ticker: DIS) continues to try to right the ship at the popular network. Traditional cable TV viewers have flocked to cheaper alternatives, and Disney is still trying to solve its ESPN problem. ESPN is expected to cut 40 jobs starting on May 1, including radio hosts, on-air personalities and writers.