Walt Disney Co. Chief Executive Bob Iger this week announced a "major transformation" for the entertainment media giant, raising a familiar question from Wall Street: What will happen to ESPN?
Iger was clear that, despite clamoring from some investors, he has no plans to get rid of ESPN, the best-known sports media brand in the business, either by selling it or through a spinoff.
But leading ESPN into the future won't be easy, as the company still must navigate the pressures of continued cord-cutting and escalating fees for the rights to air live sports.
