WHY THIS MATTERS:The Redstones forced out CEO Philippe Dauman in August. His temporary replacement, former COO Tom Dooley, is also leaving the company.
The creation of a new media giant with the acquisition of Time Warner by AT&T could cause strategic challenges for Disney and its ESPN unit, according to a new analyst report. Omar Sheikh of Credit Suisse notes that AT&T-Time Warner will have significantly larger earnings and cash flow than Disney. It will also have more than 50 million direct customer relationships in the U.S. alone.