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Disney Calls Reports Of ABC And Station Sale Talks “Unfounded,” But Keeping “Strategic Options” Open As Deal Chatter Continues

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deadline.com

Disney is pushing back on reports that the company is talking with Nexstar Media Group about a potential sale of ABC and its eight local ABC stations.

Chatter is continuing however, especially in light of comments by Tom Carter, a former Nexstar exec who is now a senior advisor to the CEO and board of directors.

Speaking at a BofA Securities conference in New York on Wednesday, Carter said Nexstar could acquire the ABC stations with “little friction.” He did not say talks were happening and in fact noted that Disney has not clarified what it intends to do with the linear TV assets that CEO Bob Iger has said “may not be core” to the company. “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,” a Disney spokesperson said in a statement provided to Deadline.

There has no formal dealbook circulated or formal process initiated in the wake of Iger’s comments, sources have told Deadline.

Read more on deadline.com
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