Walt Disney Co.’s stock popped 7% higher in after-hours trading Wednesday on stronger-than-expected quarterly earnings, deeper cuts, and a massive reduction.
Activist investor Blackwells Capital has a solution for Walt Disney Co. and its chief executive Bob Iger to rev up sales: Split the company into three.
The stand-alone entity, which will share sports assets from the three, would be available on ESPN’s streaming platform, Hulu, and Max, according to reports.
Communications services companies ticked down as traders hedged their bets on the outlook for profits in a new era for media consumption. Shares of Charter.