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Beyond mere profitability, the news divisions hold considerable strategic value for large corporations like Disney. Maintaining a news outlet like ABC News grants Disney political cachet, allowing the corporation to wield influence and secure backing from certain political entities. This power extends into narrative control, providing a platform for advertising content and major properties to subtly (or overtly) promote corporate interests.
In essence, these news divisions serve as tools for shaping public perception and political narratives, which can protect or enhance corporate interests. Consequently, selling off or shutting down these divisions isn’t just a financial decision but also a strategic move affecting corporate power dynamics.