As part of an internal review examining the company’s linear TV business, Disney executives have identified ABC, FX and the Disney Channel as linear networks with the most value to the company, the Wall Street Journal reported Friday. Such a finding would seem to make it unlikely that Disney would proceed with any potential sale of ABC. Per the WSJ report, ABC, FX and the Disney Channel were identified as the most valuable networks because their entertainment content is popular on Disney streaming services.) Disney held discussions with some companies about a potential ABC sale, including Nexstar, and the entrepreneur Byron Allen submitted a $10 billion bid for ABC, National Geographic and FX. Channels deemed “expendable” and “less critical” to Disney could be sold or shifted to A+E Networks, which Disney co-owns with Hearst.

Source: Wall Street Journal November 11, 2023 06:17 UTC