Analyst Says Disney (DIS) Should ‘Shut Down’ ABC, Thinks It’s ‘Shrinking Every Year’

We recently published 10 Stocks to Watch as Investors Scramble to Pour Money into AI Trade. The Walt Disney Company (NYSE:DIS) is one of the stocks that caught analysts' attention. Laura Martin, Needham managing director, said in a latest program on CNBC that Walt Disney Co (NYSE:DIS) should shut down ABC because the broadcast TV network has been a drag on the entertainment giant’s growth. “The ABC network is structurally shrinking every year, with between 5% and 11% of its revenue disappearing annually, ...