According to the report, the sale announcement was a subtle but unmistakable one. Iger made the announcement during his disastrous CNBC interview last week, where he was caught lying with the false claim that Disney is not sexualizing children.

By declaring its cable and broadcast TV assets “noncore,” the report says, Iger told the world ABC TV, the FX cable networks, National Geographic, and Freeform are all for sale. He’s also looking for a partner for the failing ESPN.

Bloomberg does the math. “Disney’s media networks generated 35%, or $24.8 billion, of company revenue and more than 50%, or $7.5 billion, of its operating income.” Yep, that’s a big sell-off.

I noticed something about what they are selling off and apparently so did someone else...

Note the properties he’s considering selling are, mostly, companies that were purchased by Disney before Iger. FX and FXX were acquired by Iger when he bought Fox’s entertainment divisions. But neither of those, I think, has ever been sold as standalone units and so do not have any valuations attached to them.

… Iger does not want to sell off the big properties he bought — LucasFilm, Marvel, Pixar, and even Fox, as a whole — because the selling price will be much, much lower than the purchase price. This would expose him as rube who consistently overpaid for other people’ successful studios to cover-up Disney’s own struggling creative output. And it would also confirm everyone’s strong suspicion that all of these properties are worth only 25-50% of what was paid for them, and therefore maybe all of Disney is similarly only worth 25-50% of the current market valuation.

Amusing that he's selling off property simply because he wasn't involved in the purchase, probably not the most intelligent way to handle things...