WHY THIS MATTERS:Fox has been among the companies vocal about the need for TV to innovate its advertising business, particularly as traditional ratings drop and competition from digital media intensifies.
WHY THIS MATTERS:In its earnings report, Tribune said TV division Q1 revenues hit $436 million, versus the $455.9 million hit in the first quarter of 2016.
With the economics of sports powerhouse ESPN decaying, going direct to consumer is probably inevitable, Disney CEO Bob Iger conceded. On Disney's earnings call Tuesday, Iger fielded tons of questions about ESPN, which is getting a lot of attention from both analysts and management.