Screentime
Disney Holds Initial Talks on Sale of ABC to Local Broadcaster Nexstar
- Entertainer Byron Allen has also expressed interest in a deal
- Network and ABC stations could be worth $4 billion or more
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Walt Disney Co. has held exploratory talks about selling its ABC network and TV stations to local broadcaster Nexstar Media Group Inc., according to people familiar with the discussions.
The talks are preliminary and haven’t involved a specific valuation, according to one of the people, who asked not to be identified because the discussions aren’t public. Nexstar would only be interested at the right price.