Wall Street firm calls for Disney to shut down ABC, move content to streaming after Jimmy Kimmel drama

Group 1 - Needham brokerage suggests that Walt Disney should shut down the ABC network instead of selling it, to reduce regulatory risks and enhance valuation [1][6] - The brokerage highlights that recent FCC interventions have made owning broadcasting licenses too costly and volatile for Disney shareholders [1][6] - ABC remains crucial for Disney's audience reach and sports rights negotiations, despite the ongoing shift towards streaming [6] Group 2 - Disney's recent decision to suspend Jimmy Kimmel's show has intensified discussions on free speech in America, particularly in light of conservative backlash [2][3] - The suspension followed FCC Chair Brendan Carr's threat to investigate Kimmel's comments regarding right-wing activist Charlie Kirk, raising concerns about regulatory authority [3][4] - Disney announced Kimmel's return to late-night television shortly after the suspension [3]