ESPN used to be Disney’s cash cow. Now, its revenue is declining, and Bob Iger is looking to sell a stake

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The Mouse House isn’t sure what to do with its languishing cash cow, ESPN.

The sports network, once a financial engine for Disney, is suffering a decline in revenue owing to the slow death of traditional cable TV. Though ESPN is still profitable, Disney is looking to sell off a stake and transform the business into a digital streaming company, though near-term plans for that are unclear.