Disney Resolves Dispute with Charter, But Future of Linear TV Business Remains Uncertain
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Disney resolved a dispute with Charter Communications over carrying ESPN and other Disney channels, but questions remain about the future of Disney's traditional TV business.
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Disney CEO Bob Iger said the company will look "expansively" at options for its broadcast network ABC and cable channels as the linear TV business struggles.
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Disney has reportedly held talks about potentially selling its broadcast and cable channels to Nexstar Media Group and Byron Allen, though no decisions have been made.
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Linear TV viewership continues to decline as consumers shift to streaming services, putting pressure on Disney and other media companies dependent on traditional TV.
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While Disney's TV channels remain profitable, analysts question their long-term prospects and whether there are buyers interested in acquiring struggling linear TV assets.