Former Disney Chief Skeptical of Iger's ESPN Strategy, Sees Risks in Diluting Sports Network

• Former Disney CEO Bob Chapek broke his silence and criticized current CEO Bob Iger's plans to find a strategic partner for ESPN • Chapek doesn't see a strategic benefit in bringing on another minority partner into ESPN • Chapek believes Iger is planning to sell all or part of ESPN by making it its own segment • When CEO, Chapek didn't sell ESPN because it was bringing in needed cash flow during debt and pandemic struggles
• Chapek envisioned ESPN becoming a central hub for sporting events, like how Apple TV is for movies and shows