ESPN’s new NBA contract lowers value of Disney stock

ESPN and Turner signed new national TV contracts worth $24 billion over nine years, a huge revenue increase triggering a corresponding salary-cap rise. That wasn’t the only consequence of the deal. Richard Morgan of the New York Post: Drexel Hamilton analyst Tony Wible downgraded Disney stock on Monday in response to “a massive increase in […]

Source ProBasketballTalk http://ift.tt/2dwKrQO