Disney may sell ABC O&O’s, analyst says
Michael Gay August 15th, 2008
Although Disney emphasizes the report is “purely speculative,” an analyst who has followed Disney since 2000 says the company may be considering selling its 10 local ABC O&O stations, reports Bloomberg. David Miller, the analyst from Caris & Co., says the move would put Disney out of the distribution business for TV, and solely into the content business. Miller said his thinking is based on his own analysis, not from any reports inside the company. The price for the 10 stations would be as high as $4.8 billion.
3 Comments Add your own
1. Anonymous | August 15th, 2008 at 5:43 pm
They had better do something as it looks more and more as if the “Morgan trust” deal with Citadel might backfire.
San Fransisco seems pretty fond of the letters KGO. There are still a few that recall K P O, their sister until the duopoly was broken (KNBC, KNBR)…
2. Daniel Belgrave | August 17th, 2008 at 5:05 am
Thank a lot Disney to sell ABC O&O blame for…
-high gas prices
-house foreclosure mess
-Higher Bills
-economy crisis
-George Bush
Sam Zell will buy 10 ABC O&O
3. Anonymous | August 21st, 2008 at 10:26 pm
Waiting for the molten Pb for your parachute…
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