""Due to the Trump administration's continued threats to free speech, including with respect to ABC, we are writing to seek transparency into the initial decision to suspend Mr. Kimmel and his show," the lawyers wrote. The investors seek board minutes, internal communications, affiliate agreements and analyses of the suspension's financial impact. While the group applauded ABC for doing the "right thing" in bringing back the show, the letter noted the company still faces negative repercussions given President Trump's threat to "test ABC out on this.""
"They argued the decision "appeared to be in response to threats" from FCC chairman Brendan Carr, as well as from ABC affiliates under Nexstar Media Group and Sinclair Broadcast Group. "There is a credible basis to suspect that the Board and executives may have breached their fiduciary duties of loyalty, care, and good faith by placing improper political or affiliate considerations above the best interests of the Company and its stockholders," the lawyers wrote."
Lawyers representing the American Federation of Teachers, AFL-CIO and Reporters Without Borders sought transparency and documents from Disney over ABC's suspension of Jimmy Kimmel Live!. The requests included board minutes, internal communications, affiliate agreements and analyses of the suspension's financial impact. The letter noted ABC returned the show but warned of continued negative repercussions after President Trump's threat to "test ABC out on this." The lawyers said Disney's stock fell in response and argued the suspension appeared prompted by threats from FCC chair Brendan Carr and ABC affiliates under Nexstar and Sinclair, raising possible breaches of fiduciary duty.
Read at Axios
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