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Sports World Reacts To Disney's Stunning Announcement

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In shocking news on Sunday night, Disney announced a change in CEO. 

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The Walt Disney Co. announced on Sunday night that CEO Bob Chapek is stepping down, while Bob Iger will return to lead the company.

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Iger had stepped down in a massive move roughly two years ago. Now, he's back.

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“We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic,” said Susan Arnold, Chairman of the Board. 

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 “The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period.” 

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It will be interesting to see what this means for the sports world. Disney, of course, owns ESPN and ABC, which broadcast some of the biggest sporting events in the world.

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There had been some talk in recent years about Disney cutting off ESPN, with the company perhaps spinning the network off, but that hasn't happened.