Disney is whittling down its cable business in the U.K. Today the company announced it was going to be pulling its kids cable networks like Disney Channel and Disney XD from cable carriers in the region. All the programming on those networks is being moved to Disney Plus. We signaled that this move was going to come last year as the company was ramping up its streaming service. Disney Plus has...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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