Disney investors argue Kimmel's suspension hurt profits, demand investigation
Summary
A group of Disney investors claim that the company's suspension of Jimmy Kimmel negatively impacted its stock value and that political reasons may have influenced this decision. The investors are asking for documents and details from Disney to understand the impact of the suspension. They argue that the decision appeared to be in response to political pressure and hurt the company’s financial interests.Key Facts
- Disney suspended "Jimmy Kimmel Live!" for six days.
- A group of investors is questioning if this decision was influenced by political reasons.
- The investors want documents from Disney to analyze the suspension's financial impact.
- Disney's stock dropped about 3% during the suspension period.
- The investors represent organizations like the American Federation of Teachers and Reporters Without Borders.
- They suggest the suspension might have been due to threats from government officials and media groups.
- About 25% of ABC's local affiliates, managed by Nexstar and Sinclair, stopped airing the show.
- Disney has not yet responded to requests for comments on the situation.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.