08.25.2008 03:25 PM
Originally featured on BroadcastEngineering.com
Disney considers selling all ABC O&Os

Walt Disney, one of the largest U.S. media companies, is considering selling its 10 ABC TV stations, a transition that could net as much as $4.8 billion, said David Miller, an analyst at Caris & Co. who has covered the company since 2000.

Miller told “Bloomberg News,” “We have reason to believe that Disney is heavily considering the notion of putting its 10 owned-and-operated television stations up for sale.” He said the finding is his analysis and not from outside sources.

Disney called the report “purely speculative” and declined to comment.

Disney owns stations in cities including New York, Los Angeles and Chicago. A sale would depend on at least those outlets in the biggest markets remaining affiliated with Disney’s ABC TV network, Miller noted. ABC has broadcast agreements with about 231 TV stations in the United States, he said.

By selling the stations, Disney would exit the TV distribution business and become the only large, public U.S. media company to be completely focused on content.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Thursday 11:07 AM
The Best Deconstruction of a 4K Shoot You'll Ever Read
With higher resolutions and larger HD screens, wide shots using very wide lenses can be a problem because they allow viewers to see that infinity doesn’t quite resolve into perfect sharpness.

Featured Articles
Exhibitions & Events
Discover TV Technology