from: that was a reporter bloomberg intelligence and michael wolff.ion shook up the sports entertainment world this week. john skipper has stepped down from espn. in a statement, he said he has struggled with a substance addiction for years. president will take over as acting chairman on an interim basis. since the news broke, we learned disney will most likely look at to internal candidates to replace skipper. lucas shaw joined us to discuss. >> i have spoken with a number of people at espn, people who do a lot of work for espn. everybody was a price. moreskipper is one of the candid and intelligent executives out there, not the kind of person you would expect to have a substance abuse problem. there are people who work closely with him who had no idea that this was an issue. you saw throughout the day a number of senior espn staffers, writers, host about what a great boss he had been and how supportive he had been. this came as a surprise. emily: the timing is interesting , given what espn is grappling with. who do you think might take over? >> i wo

emily: that was jitendra waal and michael wolff of activate.k up the sports entertainment world this week. john skipper has stepped down as the president of disney owned espn. in a statement, skipper said he has struggled with a substance addiction for years but has not provided specifics. a former espn president will take over as acting chairman on an interim basis. since the news broke, bloomberg has learned disney will most likely look at to internal candidates to replace skipper. our media reporter lucas shaw joined us to discuss. lucas: i have spoken with a number of people at espn, people who do work for espn, everybody was very surprised by this. john skipper is one of the more candid and intelligent executives out there, not the kind of person you would expect to have a substance abuse problem. and there are people who worked very closely with him who had no idea that this was an issue. you know, there had been some rumors about his job security related to the performance of espn but nothing on a personal basis. you saw throughout the d

michael wolff activist cofounder and ceo was with us earlier and hear what he had >> to say.hink we are going to see, hopefully, other competitors in the streaming space, other than prime., hulu, and amazon i think we will see the results of the huge investments in content that netflix and others have made. we will see some big films, i think black panther is going to be a huge film in february. we are going to see another star wars. this industry is going to continue to chug along but it will be dramatically changed by the end of next year. ,lix: joining us is tuna amobi who recently upgraded disney's stock yesterday. buy with a 36a stellar price target area why are you not worried about this deal going through? to the question -- tuna: we think the regulatory outlook is as good as it can be. there is really no overlaps and businesses. there will be questions around the integration of regional ports -- sports from fox and espn. we think it could be questioned around the size of the combined film studio but we do not think any of those of be enough to derail the action. lisa:

wolff, who has passed away. lawrence was talking to me earlier. a full state funeral for romania's last monarch — king michaelng michael, who died last week at the age of 96, was forced to abdicate by romania's communist leaders nearly 70 years ago. our central europe correspondent nick thorpe reports. he only ruled for ten of his 96 years, but king michael of romania has been given a farewell fit for a national hero. tens of thousands of romanians lined the streets of bucharest as his coffin was carried on a gun carriage from the former royal palace to the patriarchal cathedral of the orthodox church. michael came from the german house of hohenzollern and was a third cousin of queen elizabeth. the king's five daughters and royalty from all over europe attended the funeral mass, including britain's prince charles and former king juan carlos and queen sofia of spain. michael came to the throne for the first time when he was only five—years—old in 1927. since then, he was the contemporary of 16 us presidents and eight popes. he's best known for switching romania from the nazi to the allied side during the secon