Disney investors demand internal records on Jimmy Kimmel's suspension, say the board may have breached duties

"On Wednesday, a coalition of Disney shareholders sent a letter to the company demanding internal records, from emails to meeting schedules, related to its brief suspension of the late-night host. Disney is the parent company of ABC, where Kimmel's show is aired. Lawyers representing the American Federation of Teachers and Reporters Without Borders asked Disney to disclose how the suspension decision was made, the financial impact assessment, Disney's agreements with affiliates Nexstar and Sinclair, and communications with government officials or political groups."

""Although we are pleased that ABC did the right thing and put Jimmy Kimmel back on the air last night, 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," wrote the lawyers in a letter viewed by Business Insider. "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 added in the letter addressed to Bob Iger, Disney'sCEO."

A coalition of Disney shareholders demanded internal records, including emails and meeting schedules, related to ABC's brief suspension of Jimmy Kimmel. Lawyers representing the American Federation of Teachers and Reporters Without Borders requested disclosure of the decision-making process, the financial impact assessment, Disney's agreements with affiliates Nexstar and Sinclair, and communications with government officials or political groups. Shareholders raised concerns that the board and executives may have breached fiduciary duties of loyalty, care, and good faith by prioritizing political or affiliate considerations above company and shareholder interests. Nexstar pulled the show after FCC Chair Brendan Carr criticized Kimmel and warned of license reviews; ABC briefly suspended and then reinstated the show.

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