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Liberty Media’s Malone sees Disney possibly spinning off ESPN

Content distribution giant Disney is being held back from its full potential by ESPN and may consider spinning off the sports broadcast network, Liberty Media Chairman John Malone told CNBC on Thursday.

“If I had to guess, what you will see is a split of Disney with ESPN spun off and, probably, ESPN could be owned and protected by a distributor in the U.S.,” Malone said.

ESPN has become something of a hindrance to Disney, Malone said, as the sports network has grown more costly over the years. – READ MORE