Almost two months to the day since Disney’s Bob Iger hung a for-sale sign on ABC, Bloomberg published a report that “exploratory talks” had commenced with Nexstar Media about a deal for the network. In today’s issue, what I’m hearing about the status of those conversations, the other suitors ringing up Iger & Co., and more.
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Nexstar and other potential suitors, including strategic buyers and private equity firms, have called to express interest in ABC, but none have enough clarity about exactly what Disney is willing to sell—or how they would structure a deal—to move forward.
This week, David Zaslav sought to assuage the concerns of Warner Bros. Discovery employees who had endured a year-and-a-half of aggressive restructuring, cost-cutting and debt servicing efforts by assuring them that Max was finally profitable, the company was making $5 billion in free-cash flow, and, perhaps most poignantly, that things were so much worse over at...
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