Altice, Disney Reach Tentative Carriage Deal

Disney and Altice reached a carriage agreement in principle and extended a deadline as they finalize terms, Altice said Sunday. The previous deal was to expire Saturday. MoffettNathanson analyst Michael Nathanson emailed investors Monday that the pact is "a very bullish sign for Disney" and should be a template for an array of ABC/ESPN affiliate agreements between now and 2022: The deal points to ESPN still having negotiating clout "and that the doom and gloom could be lifting," he said.