Tuesday, November 5, 2024
HomeEntertainmentDisney in talks with Nexstar on ABC sale: report

Disney in talks with Nexstar on ABC sale: report

Published on

spot_img


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.



Source link

See also  Jonathan Majors breaks up girl fight amid domestic-violence trial

Latest articles

2024 Election live results

On election day these pages will show results from in-person voting as...

How ‘Reykjavic’ used Authentic Iceland Locations for Cold War Drama

When Ronald Reagan and Mikhail Gorbachev sit down to discuss a potential nuclear...

Amtrak’s Popular ‘Ski Train’ Is Back This Winter With More Routes — What to Know

Amtrak’s popular Colorado ski train is returning for another season and this...

Why the U.S. Election Matters in These Countries

The world doesn’t pick the U.S. president, but it will face the consequences...

More like this

2024 Election live results

On election day these pages will show results from in-person voting as...

How ‘Reykjavic’ used Authentic Iceland Locations for Cold War Drama

When Ronald Reagan and Mikhail Gorbachev sit down to discuss a potential nuclear...

Amtrak’s Popular ‘Ski Train’ Is Back This Winter With More Routes — What to Know

Amtrak’s popular Colorado ski train is returning for another season and this...