Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessDisney says ABC and Stations sale talks with Nexstar ‘unfounded’, keeps ‘strategic...

Disney says ABC and Stations sale talks with Nexstar ‘unfounded’, keeps ‘strategic options’ open

Add to Favorite
Added to Favorite
Courtesy ABC News

The Walt Disney Company (DIS) had been in talks with Nexstar Media Group for a potential sale of ABC including its eight local stations, according to several outlets. The entertainment giant hit back on these “unfounded” reports. A Nexstar senior advisor had said that on Wednesday the media group would be able to buy ABC and its TV stations with “little friction.”

The statement issued by the Walt Disney Company on September 14, 2023 from Burbank, California reads as follows: “While we are open to considering a variety of strategic options for our linear businesses, at this time The Walt Disney Company has made no decision with respect to the divestiture of ABC or any other property and any report to that effect is unfounded.”

https://organicgreek.com

On Thursday, several major outlets had reported that sources had told them that Disney was in talks with companies such as Nexstar and the Allen Media Group. Bloomberg was among the first to report that sources had informed them about a potential upcoming deal.

Earlier on Wednesday, Tom Carter, a former Nexstar executive and a current advisor to the CEO of Nexstar had said that the media company was able to buy Disney stations with “little friction.” He was addressing a crowd at the BofA Securities Media, Communications and Entertainment Conference. He also hinted that there was a potential chance for the acquisition and said it depended “on how things fall out.”

After all these speculative reports gained traction, Disney released a statement on its current position on its affiliates including ABC.

Earlier in summer, Bob Iger CEO of Disney mentioned that its linear assets “may not be core” to the Entertainment behemoth. He passed the comment during an interview with CNBC at the annual conference of Allen & Co in Sun Valley, Idaho.

The linear assets of Disney include ABC, Disney’s eight local television stations, FX and also National Geographic Channel.

Celebrity WEB Update— Premier Jewelry designer and manufacturer fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Vitamins and Herbs. Become a  WebFans  Creator and Influencer.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Waystar Holding Corp. Makes Its Market Debut

Waystar Holding Corp. launched its IPO at $21.50 per share,...

Planet Fitness Receives Price Target from D.A. Davidson

Linda Bolton Weiser of D.A. Davidson sets a price...

Duolingo Inc. Receives Optimistic Price Target

Wyatt Swanson of D.A. Davidson sets a price target...