US EditionDisney holds discussions with Nexstar on sale of ABC: report
- Disney's potential sale of its local ABC TV stations has caught the attention of potential buyers, including Nexstar and private equity firms. The sale could be a smooth process for Nexstar due to its acquisition expertise.
- One potential challenge of the sale is the issue of programming overlaps, particularly between ESPN and ABC. The impact on the future of broadcasting these sports telecasts needs to be addressed.
- The Charter-Disney deal is seen as beneficial for Nexstar, as it helps preserve essential elements of the pay-TV bundle and may reduce subscriber attrition. This integration of streaming services with other channel offerings recreates the bundle and keeps customers engaged.
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Disney holds talks with Nexstar on ABC sale – Bloomberg News
(Reuters) -Walt Disney has held initial talks on the sale of its ABC network to U.S. 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 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 immediate…
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