Disney Reportedly Preparing To Sell Off ABC
View Source | September 15, 2023 3:03 pm
- Walt Disney Co. has entered discussions about the potential sale of ABC to local broadcaster Nexstar, with media mogul Byron Allen making an offer of $10 billion to Disney for a package of assets, of which ABC is a significant component.
- The significance of these developments lies in Disney’s apparent intent to distance itself from traditional linear television, despite having recently struck a deal with Charter Communications, which helped preserve the cable bundle.
- Disney responded to these reports by asserting that no final decisions have been made but acknowledging its willingness to explore various strategic options.
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