The Walt Disney Company is reportedly backing away from plans to spin off ESPN, shelving years of speculation that a standalone sports network could help offset the company’s declining cable business. The decision marks one of the first major calls under CEO Josh D’Amaro, who stepped into the role in March."Instead, the sports network will stay inside the media giant, which thinks its presence will help its pivot to streaming," sources said, according to Business Insider.However, the decision is not permanent, the outlet noted. While Josh D’Amaro reportedly indicated that he does not see a nea...
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