Walt Disney reportedly in early talks to sell ABC to Nexstar

The Walt Disney Company (DIS) has had exploratory talks to sell ABC Network and its television stations to Nexstar Media Group (NXST), according to a report from Bloomberg. Yahoo Finance Senior Reporter Alexandra Canal notes that these these discussions are still in their early stages. However, the move would be in line with Disney CEO Bob Iger’s desire to shift the company’s focus away from linear assets. Canal discusses what this deal could mean for Disney and gives an update on AMC stock.

Source link

About The Author

Scroll to Top