Disney reportedly decides against spinning off ESPN

The Walt Disney Company has decided against spinning off ESPN, an option that had apparently been under consideration, according to a report by Peter Kafka of Business Insider. New Disney CEO Josh D’Amaro may opt to ‘revisit’ the decision in the future, but for now the topic is a ‘non-discussion.’ Disney, through its indirect subsidiary ABC Inc., currently owns a 72% stake in ESPN, while Hearst Corporation (18%) and the National Football League (10%) are its minority stakeholders.

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