Disney has no plans to alter its TV networks portfolio in the near future.

• Hugh Johnston, Disney's CFO, stated on CNBC Thursday that the company has no plans to modify its TV network portfolio in the near future.
• After more than a year since CEO Bob Iger announced the possibility of selling Disney's linear TV assets and weeks after Comcast expressed interest in separating its cable networks.
• On Thursday, Disney released earnings that showed substantial growth in their streaming business, despite traditional TV networks' metrics declining.

It seems too complicated to separate its TV networks business at this time, as it has not yet done the necessary calculations.

On CNBC's "Squawk Box," the company's Chief Financial Officer, Hugh Johnston, stated on Thursday that separating its TV networks business may have a "cost that exceeds the benefit" due to the "operational complexity."

The possibility of separating the cable networks business from the traditional TV network industry has been a topic of discussion among executives in late October. Although the process is still in its early stages, the outcome remains uncertain.

Despite being a lucrative source of revenue for companies, the cable news bundle is rapidly losing customers. The industry has lost an estimated 4 million traditional pay-TV subscribers in the first six months of the year, according to MoffettNathanson.

Disney's traditional TV networks experienced a 6% decline in revenue to $2.46 billion and a 38% drop in profit to $498 million during the most recent quarter.

Its apparent commitment to the segment seems to be an about face.

Bob Iger, CEO of the company, recently returned to his post and faced an activist investor. He then sold the company's TV assets.

Johnston stated during the earnings call on Thursday that he started evaluating divestitures soon after joining Disney a year ago. He pointed out that after analyzing the numbers, there was no clear way to increase value after selling the networks or other businesses.

Johnston stated on CNBC Thursday that he is satisfied with the portfolio's current state and wouldn't make any changes.

Lachlan Murdoch, the CEO, acknowledged the intricacy of separating the company's cable TV networks, although they are fewer in number compared to its competitors.

Murdoch stated on Fox's earnings call that he believes breaking apart part of the business would be challenging from both a cost and revenue perspective, as well as a promotional synergy standpoint.

During the company's earnings call last week, David Zaslav stated that although the bundle presents challenges, it remains a crucial aspect of the business. He emphasized that it serves as a key vehicle for delivering WBD storytelling.

On Thursday, Iger reiterated those remarks, emphasizing the importance of the traditional TV industry and its integration with streaming, which continues to be a key focus for Disney.

Disney's acquisition of Fox's entertainment assets in 2019 was highlighted by Iger as a key factor in propelling the streaming business. However, activist investor Nelson Peltz criticized the deal last year, arguing that it negatively impacted shareholder value.

Iger stated on Thursday that we emphasized our approach through the perspective of streaming, which led us to envision a world where streaming would dominate. As a result, we recognized the need for not only more content but also more distribution.

Disney received 60 Emmy awards this year for content including FX's TV series "Shōgun," "The Bear," and "Fargo," which also appear on Hulu.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.