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Disney Issues Statement on the possible sale of its ABC Network and TV Stations
The Walt Disney Company has released a new statement addressing recent media reports regarding the potential sale of its ABC network and TV stations.
Earlier today, Bloomberg disclosed that Disney had engaged in “exploratory talks” regarding the potential sale of ABC and its associated TV stations to Nexstar Media Group.
In its official response, Disney clarified that it has not reached a definitive decision to sell these assets but remains receptive to exploring various options.
Related – Christine McCarthy Stepping Down as Walt Disney Company CFO
You can find the complete statement below:
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.
No other details have been released at this time.
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