Trending: Third Point Calls for Disney to Cut Costs, Consider ESPN Spinoff
August 15 2022 - 2:22PM
Dow Jones News
2:52 p.m ET--Walt Disney Co. is one of the most talked about
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. Activist firm Third Point LLC disclosed
a stake in Disney and called for the company to reduce costs,
accelerate the purchase of Comcast Corp.'s Hulu stake and consider
a spinoff of ESPN. The firm also recommended board charges. In
response, Disney noted its strong performance and said its board
has been continuously refreshed. Dow Jones & Co. owns Factiva.
(josh.beckerman@wsj.com)
(END) Dow Jones Newswires
August 15, 2022 15:07 ET (19:07 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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