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Damian Dovarganes / AP

"It's not just ESPN" is the to-the-point subhead of this Wall Street Journal front-pager, "Disney's Channels: Children Are Tuning Out ... Ratings have fallen significantly at Disney's biggest television brands, led by Disney Channel and Freeform, which reach children, teens and young adults," by Joe Flint and Ben Fritz:

"Disney Channel and Freeform ... [e]ach ... has lost about four million subscribers over the past three years, bringing them to about 90 million apiece."

Why it matters: "The shift to streaming services such as Netflix Inc. and web-based platforms like Google's YouTube is particularly pronounced among younger viewers."

"According to Nielsen, among people ages 2 through 34, prime-time viewing has dropped by 34% in the past five years."

Lingo: Disney Channel President Gary Marsh has a stiff-upper-lip term for young people dropping cable like a bad habit as they move to mobile: "migration."

Go deeper: From yesterday's Media Trends newsletter (sign up here) by Axios' Sara Fischer, "The skinny revolution": "All five of the largest Pay-TV providers in the U.S. are now experimenting with skinny bundles — a TV streaming package with fewer channels for less money. (The average skinny bundle is roughly $40/month while the average cable package in America is around $103/month.)"

Go deeper

Caitlin Owens, author of Vitals
4 hours ago - Health

Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan

Photo: Alex Wong/Getty Images

President-elect Joe Biden has picked former FDA chief David Kessler to lead Operation Warp Speed, a day after unveiling a nearly $2 trillion pandemic relief plan that includes $400 billion for directly combatting the virus.

Why it matters: Biden's transition team said Kessler has been advising the president-elect since the beginning of the pandemic, and hopes his involvement will help accelerate vaccination, the New York Times reports. Operation Warp Speed's current director, Moncef Slaoui, will stay on as a consultant.

The case of the missing relief money

Illustration: Sarah Grillo/Axios

A chunk of stimulus payments is missing in action, thanks to a mix up that put as many as 13 million checks into invalid bank accounts.

Why it matters: The IRS (by law) was supposed to get all payments out by Friday. Now the onus could shift to Americans to claim the money on their tax refund — further delaying relief to struggling, lower-income Americans.

The post-Trump GOP, gutted

McConnell (L), McCarthy (R) and Trump. Photo: Erin Schaff-Pool/Getty Images

Republicans will emerge from the Trump era gutted financially, institutionally and structurally.

The big picture: The losses are stark and substantial.