KEY POINTS

• Disney CEO Bob Iger sat down with CNBC's David Faber at Allen & Co.'s annual conference in Sun Valley, Idaho, on Thursday.

• Disney announced Wednesday that it was extending Iger's contract by two years through 2026.

• Iger returned to the helm of Disney late last year. The company has since undergone thousands of layoffs and cut billions of dollars in spending, including from content.

Disney CEO Bob Iger opened the door to selling the company's linear TV assets as the business struggles during the media industry's transition to streaming and digital offerings.

Iger appeared Thursday on CNBC, the morning after the company announced it would extend his contract by two years through 2026. He returned to the helm of the company in November after Disney's board ousted Bob Chapek with a two-year contract through 2024 and plans to find a next successor.