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☆ Disney and Charter Communications reached a deal to end their cable blackout fight
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney and Charter Communications reached a deal to end their cable blackout fightCNBC's David Faber joins 'Squawk on the Street' to report on Disney and Charter reaching a carrier agreement.

Persons: CNBC's David Faber Organizations: Disney, Charter Communications, Charter

☆ Disney and Charter reach deal to end cable blackout, expand access to streaming services
▼ + stars: | 2023-09-11 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Hours ahead of "Monday Night Football," which airs on Disney's ESPN, the companies reached a deal that would allow millions of Charter cable customers to watch the game. Terms of the deal are said to include a discounted wholesale price for subscribers for Disney streaming services, and an increase in marketplace, or subscriber fees, paid to Disney, CNBC's David Faber reported, citing sources. The highly anticipated ESPN streaming service will be made available to Spectrum TV Select subscribers when it launches. At the time of the blackout, Charter had about 14.7 million customers. Hours after the blackout began, Charter executives held an investor call pushing for a revamped deal with Disney that would give Spectrum pay-TV customers free access to Disney's ad-supported streaming apps Disney+, ESPN+ and Hulu.

Persons: CNBC's David Faber, ESPN — Organizations: Charter Communications, Disney, ESPN, Warner Bros . Discovery, Paramount Global, FX, Disney Channel, YouTube, U.S ., ESPN — Disney, Hulu, NFL, Monday Night, Charter Locations: Hulu

☆ Stock futures are little changed following winning day for Wall Street: Live updates
▼ + stars: | 2023-09-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. S&P 500 and Nasdaq 100 futures both inched down 0.1%. The Nasdaq Composite led the three indexes with a gain of 1.1%, while the S&P 500 and Dow added about 0.7% and 0.3%, respectively. It was the second positive session for the S&P 500 and Nasdaq, and the third for the Dow. The Wall Street Journal reported Sunday that there was a consensus within the Fed to not hike rates this month.

Persons: Brendan McDermid, Wall, Dow, Tesla, bullish Morgan Stanley, CNBC's David Faber, Pete Biebel, Benjamin F, Edwards Organizations: New York Stock Exchange, REUTERS, Dow Jones Industrial, Nasdaq, Oracle, LSEG, Dow, Qualcomm, Apple, Walt Disney, Charter Communications, Street, Fed Locations: New York City, U.S

☆ Cramer's Mad Dash: J.M. Smucker agrees to buy Hostess Brands for $5.6 billion
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer's Mad Dash: J.M. Smucker agrees to buy Hostess Brands for $5.6 billionCNBC's Jim Cramer and David Faber discuss news from J.M. Smucker and Hostess.

Persons: Smucker, Jim Cramer, David Faber Organizations: Hostess Brands

☆ A 'rolling recession' in the US could morph into a full-blown slump - and the Fed's unlikely to slash interest rates in 2024, top strategist says
▼ + stars: | 2023-09-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The US economy is in a "rolling recession" and a full-blown downturn looms, Liz Ann Sonders says. Charles Schwab's chief investment strategist doesn't expect a bunch of interest—rate cuts in 2024. "The leading indicators have absolutely imploded," Liz Ann Sonders, the chief investment strategist at Charles Schwab, said during a recent episode of "The Meb Faber Show." "We've never seen this kind of deterioration in leading indicators" outside of an ongoing recession, she added. Sonders was referring to The Conference Board's Leading Economic Indicators (LEI), which fell for a 16th straight month in July.

Persons: Liz Ann Sonders, Charles Schwab's, doesn't, Charles Schwab, Faber, We've, Sonders, that's, it's Organizations: Service, shouldn't, Conference, Federal Reserve, Avatar Associates Locations: Wall, Silicon

☆ CNBC Daily Open: Markets can’t catch a break from rate fears
▼ + stars: | 2023-09-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The donations were meant 'to weed out anti crypto dems for pro crypto dems and anti crypto repubs for pro crypto repubs," Salame said in a private message, according to a court document. It's the first time a Chinese president has missed the summit, a sign of how geopolitics have shifted. But Leon Cooperman, the chair and CEO of the Omega Family Office, told CNBC he doesn't think markets will hit a new high for a long time.

Persons: Goldman Sachs, David Solomon, CNBC's David Faber, Instacart, Goldman, Solomon, FTX's Salame, Ryan Salame, Salame, Joe Biden, Xi Jinping, Vladimir Putin, Leon Cooperman Organizations: CNBC, Nasdaq, ifo Institute, Alameda Research, Omega Locations: Germany, Alameda, India

☆ Saudi Arabia soccer spending ranks second in the world as it bids to become global powerhouse
▼ + stars: | 2023-09-08 | by ( Matthew Ward-Perkins | ) www.cnbc.com time to read: +4 min

watch nowThe Saudi Arabian soccer transfer window has slammed shut, marking the end of a historic summer of spending from clubs based in the Gulf state. Saudi clubs outspent four of the "big five" soccer leagues, the first time another league has outspent any members of the dominant European grouping since 2016. However, human rights groups and activists have criticized the high levels of soccer investment from Saudi Arabia and other countries in the Middle East, with accusations of "sportswashing" leveled at the country. The European Club Association, which represents 220 soccer clubs from across Europe, discussed the impact of Saudi Arabia's investment in the sport at its General Assembly this month. "We believe in ourselves … we have the best competition in the world, the biggest clubs in the world, the best players in the world.

Persons: Mohamed Salah, Hilal, spender, CNBC's David Faber, Yasir Al, Rumayyan, Glazer, Nasser Al, Khelaifi, Karim Benzema Organizations: Saudi Arabia's Pro League, English Premier League, Liverpool, country's Public Investment Fund, Chelsea FC outspent, Public Investment, Manchester United Saudi, Manchester United, Saudi, European Club Association, Assembly, Champions League, Afp, Getty Locations: Saudi, Gulf, Al, Ittihad, Ahli, Hilal, Saudi Arabia, Europe

☆ Goldman Sachs CEO David Solomon: I definitley feel better about capital markets
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs CEO David Solomon: I definitley feel better about capital marketsDavid Solomon, Goldman Sachs CEO, sits down with CNBC's David Faber for a wide ranging interview that includes Solomon's take on negative press, Goldman Sachs' asset management strategy, the pace of M&A activity and much more.

Persons: Goldman Sachs, David Solomon, CNBC's David Faber

☆ David Solomon defends his leadership of Goldman Sachs on CNBC. 'I don't recognize the caricature that is painted of me.'
▼ + stars: | 2023-09-07 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +3 min

David Solomon took to cable news network CNBC to defend his leadership of Goldman Sachs. The appearance follows a string of new stories questioning his leadership, including a New York magazine article published last month titled "Is David Solomon Too Big a Jerk to Run Goldman Sachs?" Advertisement Advertisement Watch: Here's why this Goldman Sachs investment chief isn't worried about two of the market's biggest fears"I understand why this is interesting and attractive to the media, but it's not what the people of Goldman Sachs are focused on," he said. Asked about his future as a record-spinning DJ, which has also been a focus of some of the criticisms, Solomon replied: "I'm focused on Goldman Sachs." Since taking over as CEO in 2018, Solomon has made a lot of changes, including three reorganizations.

Persons: David Solomon, Goldman Sachs, Insider's Dakin Campbell, Solomon, CNBC's David Faber, Goldman, hasn't, isn't, We're, Lloyd Blankfein Organizations: CNBC, Service, New Locations: Wall, Silicon, New York

☆ Goldman Sachs CEO Solomon: I don't recognize this caricature that's been painted of me
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs CEO Solomon: I don't recognize this caricature that's been painted of meDavid Solomon, Goldman Sachs CEO, sits down with CNBC's David Faber for a wide ranging interview that includes Solomon's take on negative press, Goldman Sachs' asset management strategy, the pace of M&A activity and much more.

Persons: Goldman Sachs, Solomon, David Solomon, CNBC's David Faber

☆ A fund manager beating 99% of his peers over the last 10 years shares 2 'historically' cheap trades to make right now as high stock valuations set the market up for years of dismal returns
▼ + stars: | 2023-09-07 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

In a client note, Faber said he likes US value and international value stocks. A few exchange-traded funds that offer exposure to value stocks include the Vanguard Value ETF (VTV), the iShares Russell Mid-Cap Value ETF (IWS), and the Dimensional US Marketwide Value ETF (DFUV). But an arguably better opportunity lies outside of the US stock market in international value stocks, he said. But the discrepancy, like in the US, between international value stocks and all other international stocks is also at "historically wide levels," Faber said. Cambria FundsInvestors can gain exposure to international value stocks through funds like the iShares MSCI EAFE Value ETF (EFV), the Avantis International Large Cap Value ETF (AVIV), and the Dimensional International Value ETF (DFIV).

Persons: Meb Faber, Faber, Cambria Investment Management's Meb Faber, Russell, Faber's, they're Organizations: Nvidia, Cambria Investment, Morningstar, Vanguard Value, Value Locations: GuruFocus, Cambria

☆ Goldman Sachs CEO David Solomon sees Wall Street rebound if tech IPOs perform
▼ + stars: | 2023-09-07 | by ( Hugh Son | ) www.cnbc.com time to read: 1 min

The upcoming spate of tech IPOs could help kickstart muted capital markets, Goldman Sachs CEO David Solomon told CNBC's David Faber. Firms including chip designer Arm and Instacart have filed to go public, and companies that are mulling listings will watch how those IPOs go, Solomon said Thursday during the interview. "Over the course of the next few months, especially if Arm and some of these other IPOs go well, I think you're going to see a meaningful increase in activity," Solomon said. A rebound in IPOs and mergers would be welcome for Goldman and the rest of Wall Street, which has dealt with a dearth of activity in the past year. After coming off a record year for revenue in 2021, Solomon has had to contend with internal dissent and criticism over his decisions and leadership style in a series of unflattering articles.

Persons: Goldman Sachs, David Solomon, CNBC's David Faber, Solomon, Goldman Locations: IPOs

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

☆ 'Squawk on the Street' crew react to Nvidia's blowout quarter
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Squawk on the Street' crew react to Nvidia's blowout quarterCNBC’s Carl Quintanilla, Jim Cramer and David Faber discuss the company's quarterly earnings results.

Persons: Carl Quintanilla, Jim Cramer, David Faber

☆ Elon Musk's X is hiring again, CEO says. It had slashed more than half its workforce.
▼ + stars: | 2023-08-10 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

X CEO Linda Yaccarino said the company is hiring again after a "necessary cost discipline exercise." She said the the company went from about 8,000 staff to around 1,500 during Elon Musk's layoffs. X CEO Linda Yaccarino said the social media company is hiring again after gutting over half of its workforce after Elon Musk took over. Growth means hiring," Yaccarino said during an interview with CNBC on Thursday. The CEO also commented on her working relationship with Musk and added that the X owner gives her "autonomy."

Persons: Linda Yaccarino, Yaccarino, Elon Musk, Musk, Twitter —, CNBC's David Faber Organizations: Elon, CNBC, LinkedIn, Twitter Locations: NBCUniversal

☆ Bob Iger is supposed to save Disney. It’s not going according to plan
▼ + stars: | 2023-08-09 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

“In some ways, the challenges are greater than I anticipated,” Iger told CNBC in a revealing interview last month. But under Iger 2.0, Disney has cultivated even more headaches for itself, including a morale crisis sparked by one surprisingly candid interview with CNBC on July 13. Naturally, the comments set off alarms within Disney General Entertainment Content, the division that operates Disney’s broadcast and cable networks. A few days after the Faber interview, Iger tried to smooth things over at an off-site meeting with senior managers. But Disney appears to be all-in on the boss, even though the sequel almost never lives up to the original.

Persons: Bob Iger, Dad ”, It’s, ” Iger, won’t, Mary Poppins, Iger, David Faber, Disney’s, David Paul Morris, Faber, CNN’s Oliver Darcy, can’t, Bob Chapek, Weeks, Chapek, Disney Organizations: New, New York CNN, Disney, CNBC, Hollywood, Rivals Comcast, Warner Bros ., Sun, ESPN, ABC, Disney Channel, Geographic, Allen & Co Media, Technology Conference, Bloomberg, Getty, Disney General Entertainment, Lucasfilm, Marvel Entertainment, Pixar Studios Locations: New York, Idaho, Sun Valley , Idaho

☆ Disney's quarter wasn't clean, but we see evidence that CEO Bob Iger's turnaround plan is working
▼ + stars: | 2023-08-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Disney (DIS) reported fiscal third-quarter results after the closing bell Wednesday, and it was another mixed quarter even against low expectations. Still, there were enough pockets of optimism in the company's restructuring plan and streaming strategy to believe CEO Bob Iger's turnaround is working. Indeed, global Disney+ subscribers declined to 146.1 million from 157.8 billion, but nearly all of that was associated with Disney+ Hotstar and not Disney's core markets. Quarter over quarter, that loss of $512 million was narrower by $147 million. Thanks to the ongoing strength of Disney's international parks and cruise line business, Disney expects fourth-quarter operating margins at DPEP to exceed the prior year.

Persons: Bob Iger's, we've, Kevin Lansberry, Iger, Jim Cramer's, Jim Cramer, Jim, Bob Iger, CNBC's David Faber, David A Organizations: Disney, Refinitiv, DIS, Consumer, Hollywood, Indian Premier League cricket, Netflix, Disney Media, Entertainment, Linear Networks, ESPN, Penn Entertainment, Disney Parks, Walt Disney, Star Wars, CNBC, Allen, Grogan Locations: India, Florida, Europe, Canada, DMED, Sun Valley , Idaho

☆ Billionaire Charlie Ergen merging Dish and EchoStar to expand mobile and satellite telecom empire
▼ + stars: | 2023-08-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Billionaire Charlie Ergen is consolidating his telecom empire, merging his satellite and broadband services companies Dish Network and EchoStar in an all-stock deal. "This is a strategically and financially compelling combination that is all about growth and building a long-term sustainable business," Ergen, chairman of both Dish and EchoStar, said in a statement. The deal reunites two businesses that have been separate for about 15 years, as Ergen spun EchoStar out of Dish in 2008. The merger will exchange 2.85 shares of Dish common stock for each share of EchoStar stock, a 12.9% premium for EchoStar shareholders as of the July 5 trading close. EchoStar CEO Hamid Akhavan will continue on as part of the combined company, as President and CEO.

Persons: Charlie Ergen, Ergen, EchoStar, Hamid Akhavan, Erik Carlson, Akhavan, CNBC's David Faber Organizations: Dish Network

☆ Disney CEO Bob Iger wants minority partners for ESPN, but landing a deal won't be easy
▼ + stars: | 2023-08-02 | by ( Alex Sherman | ) www.cnbc.com time to read: +1 min

They're working with ESPN President Jimmy Pitaro on the strategic options for ESPN and, to a lesser degree, Disney's other linear cable networks. In years past, ESPN could still generate revenue growth by increasing programming fees for pay TV distributors, such as Comcast , Charter and DirecTV. As ESPN revenue declines, it will become a larger anchor on Disney's earnings. Disney offers many of its lower-rated live games on its ESPN+ streaming service, which costs $9.99 per month. When ESPN does decide to offer an unbundled subscription service, it will likely cause even more people to cancel pay TV.

Persons: Bob Iger, Kevin Mayer, Tom Staggs, Staggs, Jimmy Pitaro, Iger, CNBC's David Faber Organizations: Disney, ESPN, Mayer, Candle Media, Comcast, Charter, DirecTV

☆ Niger coup leaders name Tiani as leader
▼ + stars: | 2023-07-28 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsNiger coup leaders name Tiani as leaderPostedLeaders of a coup in Niger declared General Abdourahamane Tiani as the new head of state on Friday (July 28) days after saying they had ousted President Mohamed Bazoum. Rachel Faber has more.

Persons: Tiani, Abdourahamane Tiani, Mohamed Bazoum, Rachel Faber Locations: Niger

☆ What can we expect from the Russia-Africa summit?
▼ + stars: | 2023-07-26 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsWhat can we expect from the Russia-Africa summit? PostedRussian President Vladimir Putin is hosting African leaders for a summit in St Petersburg from Thursday, against the backdrop of war in Ukraine and Moscow withdrawing from the Black Sea grain agreement. Rachel Faber has more.

Persons: Vladimir Putin, Rachel Faber Locations: Russia, Africa, St Petersburg, Ukraine, Moscow

☆ Sell Disney as falling Marvel popularity and lower TV ad revenue pressure stock, Atlantic Equities says
▼ + stars: | 2023-07-25 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The firm downgraded Disney stock to underweight Tuesday and lowered its price target to $76 per share from $113. "Box office performance has also struggled with a clear decline from the 2019 Avengers: Endgame series climax," Hamilton said. To be sure, the most recent "Guardians of the Galaxy" film, released this year, hauled in more than $800 million at the box office, according to Box Office Mojo . Disney stock has slipped less than 1% from the start of the year, lagging the S & P 500's 18.6% gain. DIS YTD mountain Disney stock is down less than 1% in 2023.

Persons: Hamilton Faber, Hamilton, — CNBC's Michael Bloom Organizations: Disney, Marvel, Marvel Studios, Guardians, Office Mojo, DIS

In a recent interview with CNBC's David Faber, Disney CEO Bob Iger said the linear TV business has degraded over the past year more than he expected. "If anything, the disruption of that business has happened to a greater extent than even I was aware," he said. Shortly after that, CNBC media reporter Alex Sherman reported that the MLB, NFL and NBA were in discussions with ESPN and Disney to take minority stakes. The NBA said it is always interested in discussions about "the future of its partnership" with ESPN. One of the key executives in those discussions, ESPN chairman James Pitaro, is up first at Game Plan and all eyes and ears will be on his comments about the future of the sports network.

Persons: Plan's, CNBC's David Faber, Bob Iger, Iger, Faber, I'm, Alex Sherman, James Pitaro, — Eric Rosenbaum Organizations: Disney, ESPN, CNBC, MLB, NFL, NBA, Warner Bros, Discovery

☆ Spain election: More likely that a progressive coalition government will win out, professor says
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpain election: More likely that a progressive coalition government will win out, professor saysSebastiaan Faber, professor of Hispanic studies at Oberlin College, says "it seems much more likely that a new progressive coalition government will win out than a center-right … government, as all the polls have been predicting."

Persons: Sebastiaan Faber Organizations: Spain, Oberlin College

☆ ESPN held talks with NBA, NFL and MLB in search for strategic partner, sources say
▼ + stars: | 2023-07-21 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

ESPN has held preliminary discussions with the NFL, NBA and MLB about a variety of new partnerships and investment structures, the people said. Spokespeople for ESPN, the NFL and MLB declined to comment. The NBA and Disney have broached many potential structures around a renewal of media rights, the people said. Iger said last week in an interview with CNBC's David Faber that Disney is looking for a strategic partner for ESPN as it prepares to transition the sports network to streaming. Superficially, it may make less sense for the NBA, NFL and MLB which sign lucrative media rights deals with many media partners that fuel team revenue and player salaries with a range of media companies.

Persons: LeBron James, Bob Iger, Jimmy Pitaro, Spokespeople, RedZone, Iger, CNBC's David Faber, Faber, I'm Organizations: Los Angeles Lakers, LA Clippers, ESPN, Disney, National Football League, National Basketball Association, Major League Baseball, NFL, NBA, MLB, NFL Network, NFL.com, Warner Bros, Discovery, Hearst, Professional, Comcast, Amazon, Paramount Global, Apple Locations: Lake Buena Vista , Florida, Fox

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