This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact The Epoch Times Reprints.
Bob Chapek, Chief Executive Officer of Disney, speaks at the 2022 Disney Legends Awards during Disney's D23 Expo in Anaheim, Calif., on Sept. 9, 2022. Mario Anzuoni/Reuters
Billionaire activist investor Daniel Loeb backed off from pushing Walt Disney Co. to spin off ESPN, saying he has a “better understanding” of the sports television network’s potential for growth.
This comes after Disney Chief Executive Bob Chapek reaffirmed the value of ESPN to the media company.
