Economy

Disney CEO Could Extend His Contract Again If Fox Deal Goes Through

Disney CEO Could Extend His Contract Again If Fox Deal Goes Through”

Iger, 66, signed his fourth contract extension with Disney in March, a deal that stretches his term as CEO to July 2019.

Disney did not immediately respond to a request for comment.

But Disney has not named a successor to run the world's largest entertainment company, which owns cable channels including ESPN, theme parks and a movie studio.

Disney chief Bob Iger might not be done just yet.

Those assets include cable channeles such as FX, the TV and movie studios, regional sports networks in the US, and worldwide assets including stakes in Sky and Star TV.

In September UK media secretary Karen Bradley, asked the regulator to examine whether Mr Murdoch had a genuine commitment to broadcasting standards following concerns about Fox News.

According to CNBC's David Faber, Disney and Fox are still negotiating a price for the deal and looking for a way to mitigate tax leakages.

A deal that could be announced as soon as late next week, the Journal reported, citing people with knowledge of the talks.

Jefferies analyst John Janedis estimates the deal would cost Disney about $78 billion and that the company would nearly entirely finance the deal with equity. A key difference in the most recent reports are DIS's interest in the RSNs which we value at $18B (9.0x F19E EBITDA).



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