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Max Knoblauch4/28/26

Disney is no longer considering spinning off ESPN, reports Business Insider

Disney’s new CEO, Josh D’Amaro, is said to have decided against spinning off sports giant ESPN, according to reporting by Business Insider.

The House of Mouse may still seek other partners to take minority stakes in ESPN, per the report. The NFL gained a 10% stake in the company last year in a deal that saw ESPN acquire NFL Network.

There’s been an ongoing push for several years to spin off ESPN, both inside Disney and from analysts and activist investors. Earlier this year, ESPN Chair Jimmy Pitaro downplayed rumors that emerged amid D’Amaro’s takeover, saying he’s heard the rumor since “the day [he] started at ESPN eight years ago.”

Disney shares were essentially flat in after-hours trading following the report.

Disney has decided to keep ESPN

Disney has decided to keep ESPN

There’s been an ongoing push for several years to spin off ESPN, both inside Disney and from analysts and activist investors. Earlier this year, ESPN Chair Jimmy Pitaro downplayed rumors that emerged amid D’Amaro’s takeover, saying he’s heard the rumor since “the day [he] started at ESPN eight years ago.”

Disney shares were essentially flat in after-hours trading following the report.

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