Mr. Iger, who started his career in the 1970s as a weatherman, has stumbled at times while running Disney. Since Mr. Iger took over Disney, annual profit has more than tripled, totaling $8.98 billion in the fiscal year that ended in September. The 21st Century Fox acquisition is Disney’s largest, surpassing its 1995 purchase of Capital Cities/ABC for $19 billion, or roughly $31 billion after adjusting for inflation. But traditional television, built on third-party cable and satellite subscriptions, is now in decline as people watch more content online. It will be difficult for Disney to integrate 21st Century Fox for reasons of size and culture: Fox is much rowdier.

Source: New York Times December 16, 2017 00:56 UTC