Stock market analyst and television host Jim Cramer said this week he believes that dropping ESPN is part of Disney’s future plans.
“I think it’s really about getting rid of ESPN,” the CNBC host said of Disney’s recently announced restructuring plan. “There is a belief we’re saturated in sports. That ESPN is no longer integral.”
“ESPN used to be this unbelievable thing, and now it’s just a really expensive thing they are having trouble monetizing,” Cramer added. “ESPN is no longer the precious place that it once was.”
ESPN has been struggling to maintain viewership over the past several