Communications Services Up as Disney Rallies - Communications Services Roundup
Communications-services rallied as Disney's new chief executive captured the market's imagination.
Disney shares rose by more than 7% after new chief executive, Josh D'Amaro, said he would make the Disney+ app a digital hub for all the company's businesses and invest in new technology, particularly around videogames.
On an earnings call, Disney Chief Financial Officer Hugh Johnston shot down persistent questions about whether it would sell or spin off some of its linear television networks, as NBCUniversal has done and Warner Bros. Discovery was planning to do before agreeing to be acquired by Paramount Skydance.
The New York Times was sued by the Equal Employment Opportunity Commission over allegations it passed over a white man for promotion in pursuit of what the agency called unlawful corporate diversity policies.
CNN founder Ted Turner, instrumental in the origins of the cable-news era, died at the age of 87.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 06, 2026 17:42 ET (21:42 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for November
This Once-Hot AI Stock Now Looks Deeply Undervalued
The 10 Best Companies to Invest in Now
Tech Stocks Sell Off as Intel, Amazon Earnings Spook Investors
United States