This means pressure is on for CEO Bob Iger to turn the company's stock around.
AdvertisementAdvertisementThe pressure knob for Bob Iger just got turned a little higher.
AdvertisementAdvertisement"We wish the very best to Bob, this management team, and the board," Peltz said on CNBC at the time.
Since Disney's stock price peaked for the year in February at about $113 per share, it's fallen more than 25% to about $84 per share.
AdvertisementAdvertisementABC and Disney's other linear networks, like FX and The Disney Channel, could be among the first to go.
Persons:
Nelson Peltz, Bob Iger, —, Iger's, Peltz, Peltz's, he's, Peltz hasn't, Iger, Dan Ives, Apple hasn't, what's, Peter Csathy
Organizations:
Disney, ABC, ESPN, Service, Fund Management, Street Journal, CNBC, FX, Sun, Apple, Wedbush Securities