Disney Explores Potential Sale of ABC to Nexstar Media Amid Shift to Streaming
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Disney has held preliminary talks about potentially selling ABC and other TV networks to Nexstar Media Group.
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Nexstar is interested in buying ABC and other Disney assets if it gets a favorable price.
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This comes as Disney looks to offload its linear TV properties and shift focus to streaming.
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Nexstar is the largest local TV broadcaster in the US, owning 200 stations.
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The talks are still early and no specific valuation has been discussed yet. Deal complications could arise from ABC's ties to ESPN.