Disney CEO says ESPN to eventually become online only

There could be big changes coming to how Americans watch their sports. Bob Iger, the CEO of Walt Disney — the parent company of ESPN — told CNBC's Squawk Box that he sees ESPN becoming an online-only channel sold directly to customers, à la HBO. While Iger imagines the shift taking place in five or more years, he added that, "If we end up seeing more erosion in the so-called multichannel [cable and satellite TV] bundle, quality will win out."

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