Media Mogul Eyes Disney’s ABC
Yesterday, Disney said it was considering selling its ABC television network assets as it looks to focus purely on ESPN (sports) and its streaming business. Local broadcaster Nexstar was the expected buyer, but today, we may have found out who another potential bidder is. 👀
Media mogul Byron Allen has reportedly offered $10 billion to purchase the ABC TV network and cable networks FX and National Geographic. So far, it looks to include the national TV network and several regional stations, but terms could change anytime. 📺