Welcome back to What I’m Hearing, still coming at you from my secret summer retreat. Today we’ve got a treat: My Puck colleague (and former investment banker) William Cohan is here to banter about the challenges facing Disney, and I’ve got a wild story of Vanna White fighting back against pay disparity.

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Let’s begin…

• It’s not TV. It’s HBO on Netflix: Apologies to the anti-David Zaslav outrage machine, but isn’t a shift to potentially licensing a few HBO shows to Netflix a healthy move for the...

Matt Belloni: Hi Bill, it’s been awhile. It’s certainly been a loooong few months for Bob Iger in his return stint as Disney C.E.O. He’s laid off about 7,000 employees; pledged to slash costs by $5 billion; fended off investor Nelson Peltz and his disgruntled mini-me Ike Perlmutter; sued the...