Disney in talks with local TV station owner Nexstar to sell ABC: report

Walt Disney has held initial talks on the sale of its ABC network to local TV station owner Nexstar Media, Bloomberg News reported on Thursday, citing sources.

Shares of the media giant rose 1%, while Nexstar stock jumped nearly 6%.


Disney CEO Bob Iger
Disney CEO Bob Iger said in July that the company could sell some of its traditional TV assets.
REUTERS

ABC logo
The ABC sales talks sent Disney shares up 1%, while Nexstar stock jumped nearly 6%.
Christopher Sadowski

Disney CEO Bob Iger said in July that the company could sell some of its traditional TV assets that have struggled for years due to the rise of streaming services.

Nexstar and Disney did not immediately respond to Reuters requests for comment.

You May Also Like

Disturbing development after a man was charged with the murder of Audrey Griffin whose body was discovered in creek on the Central Coast

The man accused of murdering 19-year-old Audrey Griffin has been found dead…

Man accused of murdering NSW teen Audrey Griffin dies in police custody

Police said the 53-year-old was found unresponsive about 4.50pm today in a…

Brooke Burke, 53, flaunts toned abs in neon bikini while frolicking on the beach in Malibu

Brooke Burke flaunted her toned abs while frolicking on the beach in…

Karen Read witness admits on stand that a key part of her testimony to grand jury wasn’t true

It was all just a big misunderstanding. That was Kerry Roberts’ explanation…