Walt Disney Co’s acquisitions spree that included swallowing much of Rupert Murdoch’s 21st Century Fox last year, and a reputation for operational excellence, turned the company into the world’s most powerful entertainment machine. With sports leagues dormant, Disney’s ESPN cable channel has resorted to showing reruns of old games and fringe programming like stone-skipping competitions. “Disney has a bull’s eye on its back like no other media company,” Bank of America Merrill Lynch analyst Jessica Reif Ehrlich said in an interview. …read more
Source:: Yahoo Finance
