'The View' Gets Devastating News About Future As Disney CEO Makes Massive Announcement

Hey ladies and gentlemen, Carmine Sabier here for Explain America and Whoopi Goldberg and

her friends at The View just got really bad news from the CEO of their parent company

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So Disney CEO Bob Iger was a guest on CNBC's Squawk Box and he was talking about some of

the properties that Disney owns and possibly selling them because they're not performing

up to expectations. So what you need to know is that Disney owns ABC

ABC is the channel on which The View appears and that's where the connection is

In fact, the hosts often remind us, Disney, our parent company, they say that very often

So if ABC's not making money and The View's ratings are abysmal since President Donald

Trump or former President Donald Trump is no longer in the White House, well then what

does that say for the hosts of The View and their show

Let's take a look at what Bob Iger said. Well, you're going through all the things that we want to talk about in the time that

we have here, but I mean, just to sort of wrap up why you're staying, I mean, you said

in a memo to employees, you've made important and sometimes difficult decisions

You're proud of what you've accomplished, but there's more to accomplish before this

transformative work is complete. So what, again, what's transformative here and what is the work that is going to take

another perhaps two years or even more, even after you do leave, that needs to get done

Well, the transformative work, of course, is making sure that our cost structure reflects

the economic realities of the business, and that includes disruption. Transformative work is dealing with businesses that are no-growth businesses and what to

do about them, and particularly the linear business, which we are expansive in our thinking

about and we're going to look expansively about opportunities there because clearly

it's a business that is going to continue to struggle. Well, let's stop there for a second then and just let me ask you about it

We're talking, I guess, ABC, the network, the stations, but then the cable networks

as well. Yes, correct. FX, NatGeo. Is it possible you would look to sell them

We're going to be expansive. I think if you can interpret what that word means, we're just getting at that work

but we have to be open-minded and objective about the future of those businesses, yes

Meaning that they're not core to Disney? That they may not be core to Disney, yeah

There's clearly creativity and content that they create that is core to Disney, but the

distribution model, the business model that forms the underpinning of that business and

that has delivered great profits over the years is definitely broken, and we have to

call it like it is, and that's part of the transformative work we're doing. Right, well, we've been having this conversation for a very long time now

Well, I think what I'm saying is it's time. In terms of the erosion of the linear business, and now it's kind of closer to obsolescence

Well, you know, as I said when I came back, one of the things I discovered was that the

disruptive forces that have been preying on that business for a while are greater than

I thought. Now, again, the view is not mentioned by name, but a sale of ABC and a show that's struggling

in the ratings is not a fantastic combination. And if I was a member of the view, if I was on the cast of the view, I would need mental

help, but also I would be sweating bullets right now, because I think personally the

show has been failing since Barbara Walters passed away. May she rest in peace

And Whoopi Goldberg, Joy Behar, Sonny Hostin, Anna Navarro, they just get more, I don't

know, bitter every day. And who wants to watch, even if you're a liberal, do you want to watch bitter people

every single day? That's why I think the ratings of that show are tanking, and if somebody buys ABC, or

even before a sale is made, just to save money on salary, I could see that show being cut

I could see the high-priced host being cut, and that would be very interesting

Let me know what you think in the comments. Also please remember to like, share, and subscribe

Those little things again really help us out. I'm Carmine Sabia, this is Explain America

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