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Disney's New CEO May Have to Cut Costs to Restore Profits as Streaming Loses Money

Bob Iger must show Wall Street a new side to his character as he returns to lead Walt Disney by cutting costs and restoring profits in just two years after splurging cash on acquisitions and a streaming business last time round. The entertainment giant shocked investors late on Sunday evening announcing the ouster of Chief Executive Bob Chapek and appointing Iger, 71,...

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