Disney Pushes Back on ABC Sale Reports, Says Company ‘Has Made No Decision’ Yet

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Disney has responded to reports claiming the company is in early talks to sell its ABC network and TV stations, saying the company “has made no decision” on it yet. “While we are open t…

moved to the top of the bidders list when earlier this week, Tom Carter, a former Nexstar executive who now serves as senior advisor to CEO Perry Sook and the board of directors, told a crowd at the BofA Securities Media, Communications and Entertainment Conference that the company could buy Disney’s stations with “little friction” and hinted at a potential opportunity to do so “depending on how

things fall out.”Byron Allen is also among those interested in a sale. The media mogul’s Allen Media Group has already invested over $1 billion in the last three years to acquire 27 NBC, ABC, CBS and Fox affiliates. He also purchased the Black News Channel for $11 million. His last move to acquire majority stake in Paramount’s BET channel fell through when the company decided to withdraw plans to sell.

 

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