Page 36 - Michael Eisner News Today

Disney is in talks to sell the ABC TV network to Nexstar Media Group, according to sources. Following the initial report, Disneys stock experienced a 1.2% increase in its closing price, whereas Nexstars stock surged by 5.7%.

The Walt Disney Company (NYSE:DIS) is in preliminary talks about potentially selling its US TV network ABC to Nexstar Media Group Inc, according to...

The ABC logo is pictured atop a building in Burbank, California, February 5, 2014. Photograph: Mario Anzoni, Reuters. Obtaining licensing rightsSept. 14

Byron Allen has made a $10 billion bid to buy Walt Disney's ABC television network and assets including the FX and National Geographic cable channels.

Its unclear if Disney wants to sell ABC, but if it does, it has a potential buyer.

It follows reports that Disney has also held exploratory discussions about selling ABC to regional TV station operator Nexstar Media, which owns cable news network NewsNation.

Disney has held exploratory talks about selling ABC Network and regional TV stations to Nexstar Media Group, which owns NewsNation, according to multiple reports on Thursday.

Walt Disney has held exploratory discussions about selling its U.S. TV network ABC to regional TV station operator Nexstar, people familiar with the matter said on Thursday.

(Reuters) -Media entrepreneur Byron Allen has made a $10 billion bid to buy Walt Disney's ABC television network and assets including the FX and National Geographic cable channels, a spokesperson for Allen said on Friday. Disney has also held exploratory discussions about selling ABC to regional TV station operator Nexstar Media, two people familiar with the matter told Reuters on Thursday. Nexstar's interest is preliminary and may not lead to any deal, one source said.

(Reuters) -Media entrepreneur Byron Allen has made a $10 billion bid to buy Walt Disney's ABC television network and assets including the FX and National Geographic cable channels, a spokesperson for Allen said on Friday. Disney has also held exploratory discussions about selling ABC to regional TV station operator Nexstar Media, two people familiar with the matter told Reuters on Thursday. Nexstar's interest is preliminary and may not lead to any deal, one source said.