UPDATE: Disney Shares New Statement Regarding Potential Sale of ABC Network and TV Stations

The Walt Disney Company has issued a new statement in response to reports in the media regarding the sale of its ABC network and TV stations.

Disney Shares New Statement Regarding Sale of ABC Network

Bloomberg reported earlier today that Disney was having “exploratory talks” about selling ABC and its TV stations to Nexstar Media Group.

In its official statement, Disney said that the company has made “no decision” on divesting those properties, though they are “open to considering” options.

Read the full statement below:

While we are open to considering a variety of strategic options for our linear businesses, at this time The Walt Disney Company has made no decision with respect to the divestiture of ABC or any other property and any report to that effect is unfounded.

Statement from The Walt Disney Company

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