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Bob Iger Returns as Disney CEO After Chapek Is Fired



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Mr. Iger said in a statement on Sunday night that he was “extremely optimistic for the future of this great company and thrilled to be asked by the board to return as CEO.”What we consider before using anonymous sources. Do the sources know the information? What’s their motivation for telling us? Have they proved reliable in the past? Can we corroborate the information? Even with these questions satisfied, The Times uses anonymous sources as a last resort. The reporter and at least one editor know the identity of the source.Mr. Chapek did not respond to requests for comment.The surprise reinstatement of Mr. Iger and ouster of Mr. Chapek comes in the wake of a disastrous earnings announcement on Nov. 8. Disney blindsided Wall Street by reporting $1.5 billion in losses at its fledgling streaming division, up from $630 million a year earlier. Mr. Chapek said that higher Disney+ production, marketing and technology costs had contributed to the “peak” losses.In total, Disney generated $20.15 billion in revenue in three months that ended on Oct. 1, a 9 percent increase from a year earlier. But analysts had expected $21.3 billion. Profit totaled $162 million, or 9 cents a share, roughly flat from a year earlier. Excluding ite …

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