Image: Bob Chapek, Peter Rice, YouTube Screenshots According to a report released on Thursday, after a top executive was fired Thursday at Disney, “morale is terrible” as the company’s stock is also taking a beating.
The shakeup came as CEO Bob Chapek fired Peter Rice, who served as Disney’s chairman of entertainment and programming. According to the Hollywood Reporter , Rice’s unexpected firing has left employees stunned with one Hollywood executive telling them that “Chapek just made another massive mistake.”
“It’s horrendous. It’s not good for the company. Morale is terrible,” a Disney insider reportedly also told the magazine.
The Walt Disney Co. has seen its stock drop nearly 6 percent since the announcement and currently sits at under $100 per share.
Disney stock is the worst performer on the Dow Jones Industrial Average for the past 12 months and shares are down 36 percent for the year. Another report pointed out that Rice was well-liked and his divisions – 20th Television, ABC Entertainment, ABC News, FX, and others – were doing well.
Despite that being the case, Chapek reportedly told Rice, who is a former Fox executive, that he was a bad fit in “the new Disney culture.”
Dana Walden, who had been serving as entertainment chair for Walt Disney Television, has now been promoted to take Rice’s spot.
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Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We just launched a new GiveSendGo page. We also have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!