After Disney’s earnings news — which showed a drop in revenue and operating income at the broadcast division — and the reports that the company is looking to partner with Univision for a 24-hour cable news network, CNNMoney contributor Cyrus Sanati, asks, “Is it time for Disney to finally banish ABC from the Magic Kingdom?” Sanati thinks the idea of an ABC News-Univision channel “could become yet another albatross around Disney’s neck.” And he takes out the long knives for ABC News:
ABC News is but a shell of what it used to be and its ratings have plummeted as more Americans get their news from other mediums, like the internet. Executives inside ABC News are being shuffled around in an attempt to breathe “new life” into the news division. The answer, unfortunately, has been to appeal to the lowest common denominator in a cheap attempt to lure in viewers. So stories like “how male porn stars are trying to cater to women,” are more likely to lead the network’s iconic news daily Nightline than a hard news topic considered “boring.” The end seems near.