Disney’s ABC, ESPN Weakness Adds Pressure to Make Streaming Profitable

Earnings from traditional TV have fallen sharply after helping to offset Disney+ losses in recent years

Walt Disney Co. is reversing course on a nearly $900 million corporate campus and shutting down a costly new hotel amid growing tensions with Florida Gov. Ron DeSantis. WSJ’s Jacob Passy explains the reasons behind the company’s decisions. Photo: Octavio Jones/Reuters

Disney’s traditional television business has gone from superhero to weak link in just a few short quarters.

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