EXCLUSIVE: With Disney’s April 3 shareholder meeting (a virtual affair this year) less than two weeks away, some clarity is emerging about the company’s plans to reduce staff and cut costs
. Some say it may come between the one in late March and the one in late April while others note that it could follow the one in late April if it’s deemed necessary. Disney declined to comment.
Following his promise to investors, Iger is determined to make a “statement” in the coming weeks, one insider says. ESPN, which is now its own distinct corporate division, also is being scrutinized. While it has thinned its ranks in recent years as pay-TV distribution has fallen from a peak of 100 million households in 2011 to about 74 million, the sports power at the same time is confronting a steady rise in rights fees. Stephen A. Smith, one of ESPN’s top personalities, recently noted that the network is “going to have cuts coming.
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