ESPN Spin-Off: A Catalyst to Disney Stock

Iger also spoke at length about bringing a strategic partner to ESPN as they move toward being a direct-to-consumer brand. There was a lot in there that made you think that he has really stepped back, evaluated the situation and things may have been worse than the other. That's why he is staying longer. I don't think we learned anything new here. The stock trades like a kitchen sink. But again, I don't...there's nothing about the news over the last 24 hours other than a more sober look at the business"