How Would College Football Postponements Impact Walt Disney and ViacomCBS?

News reports have been coming in steadily on the chances of major college football games being played this fall. The remaining Power Five football conferences -- the Big 12, Atlantic Coast Conference (ACC), and Southeastern Conference (SEC) -- are, for now, all planning to play their own seasons this year. Walt Disney (NYSE: DIS) owns a large chunk of the broadcasting rights to the Power Five conferences in part due to its $71.3 billion acquisition of Fox in 2019.