In the past year, Walt Disney, a company that sells itself on magic and nostalgia, has struggled with some very real problems.
The entertainment conglomerate has grappled with falling ESPN viewership—the largest division within its cable networks—as consumers turn away from bundled channels and flee to the world of on-demand streaming. The company lost 7 million viewers by the end of fiscal year 2015, worrying investors and dragging its stock down. The bad news continued flowing when, earlier this week, heir apparent and Chief Operating Officer, Thomas Staggs left the company.
So what is to be done?
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