Wall Street firm calls for Disney to shut down ABC, move content to streaming after Jimmy Kimmel drama
Walt Disney should shut down the ABC network rather than sell it and transfer the channel’s content to its streaming platforms to lower regulatory risks and unlock higher valuation, brokerage Needham wrote in a client note on Tuesday.The recent “FCC intervention has made owning broadcasting licenses too expensive and too volatile for DIS shareholders, in our view,” the brokerage said.Disney’s decision to take Kimmel’s show off the air last week added fuel to the debate of free speech in America amid conserv ...