Magazine article Variety

For Disney, Victory Brings Exec Shuffle

Magazine article Variety

For Disney, Victory Brings Exec Shuffle

Article excerpt

The finish line is in sight.

Disney's path to completing its $71.3 billion acquisition of major 21st Century Fox assets is clear now that Comcast has bowed out of the bidding war it sparked last month with a rival offer. Comcast's move forced Disney to pay a significantly higher price than the $52.4 billion deal first inked in December. And Comcast may yet wrest Sky away from the collection of assets Disney hopes to inherit in the Fox pact. But now Disney chief Bob Iger and his lieutenants are tackling what is perhaps the most challenging part of any acquisition: the integration process.

Disney's plans for the management of its enlarged TV group have come into focus. Fox's Peter Rice and Dana Walden are expected to relocate to Burbank for senior leadership roles at Disney/ABC Television Group. Rice will oversee all TV operations with the exception of ESPN. Ben Sherwood, the current president of Disney/ABC TV Group, will transition to a new senior post within Disney. …

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