Disney issues a statement amid reports that it is in talks to sell ABC and its linear businesses

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Walt Disney Company headquarters in Burbank, California

Posted: Thursday September 14, 2023 5:15pm ET by WDWMAGIC Staff

Bloomberg reported earlier today that the Walt Disney Co. has held exploratory talks about selling its ABC network and TV stations to local broadcaster Nexstar Media Group Inc.

Disney has issued a statement late this afternoon saying, “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.”

Disney CEO Bob Iger put the entertainment world on notice during an interview at the Sun Valley conference, where he said that the company is open to a number of options regarding its linear businesses, including ABC and ESPN.

Walt Disney Company headquarters in Burbank, California

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Sneaky3 hours ago

Squishy5 hours ago

Harmonious was already well under development before Josh came in as WDW president.

DisDude335 hours ago

So, he said this yesterday an Inbound which is a Marketing conference my wife goes to every year for her work. Iger has been a speaker there multiple times and I find it interesting that the parks guy is there this year. I could be reading too much into it but this could be a sign that he’s in the lead for the big job.

Lilofan7 hours ago

Aka - Nobody is perfect including me.

HauntedPirate8 hours ago

He and Bob the Lesser share the burden for that steaming pile of garbage.

Tha Realest8 hours ago

Josh was WDW president in 2019 and became Parks chief in early 2020. Harmonius was developed and rolled out under his tenure.

HauntedPirate8 hours ago

Based on what I've seen with my own eyes recently, the only thing that's been an improvement is Luminous over Humongous.

HauntedPirate8 hours ago

He sold 500k shares in June 2021 and, at the time, held another 500k shares. As of January 2024, he had roughly 205k shares of DIS. I also see no evidence of significant stock sales from Bob's portfolio since last October.

JD8012 hours ago

Sorry to hear that about your friend. I was making a joke, sorry I didn't make it more obvious.

Tha Realest12 hours ago

I’ll make sure to tell that to my friend who is having cancerous tumors removed from his lymph nodes on Monday.

JD8012 hours ago

Being busy in real life is no excuse to stop posting meaningless statistics on a message board. How dare you sir.

Tha Realest13 hours ago

Been busy IRL so didn’t realize they finally, after two months, popped up above the Chapek Line again.

JoeCamel22 hours ago

The sales were last year and he has sold his award for the last few years in December. I can't see any evidence that he has sold this year though. He sold 50% of his holdings in 2022 (retirement) and it was not reported because he was not an insider but with the amount of stock he is awarded each year it replenishes his holdings. Bob gets paid in stock awards and cashes in like any prudent investor would, it is bad juju to hold your wealth in the company you work for (Enron) Looks like your article may have been taken from this one as the dates are similar but this predates the other. Maybe he sold it in several places but that was posted in February and referenced sales that took place in 2023