Disney Can't Catch a Break
Not much is going right for Walt Disney (NYSE: DIS) these days.
The company seemed to come up on the losing end in its deal with Charter Communications earlier this month. Streaming subscriber additions have stalled, and it continues to lose money in the direct-to-consumer segment, while its linear TV cash cow is running into problems too. It also seems to be soliciting bids for ABC and other "noncore" media assets and said it would consider a partner for ESPN.
As a result, Disney stock is now trading at nine-year lows.
Source Fool.com
