Disney executives believe these channels are more valuable in the long term as they contribute popular content to streaming platforms Disney+ and Hulu.
Less valuable channels like Freeform and National Geographic may be put into A+E Networks, Disney’s joint venture with Hearst.
Disney CEO Bob Iger confirmed that the company is exploring strategic options for each of its networks to increase shareholder value.
Disney stock was down 0.3% in premarket trading, but has gained 4% this year.