Disney's Sale of ABC: Is It Really About Unloading a Diminishing Asset?
11 months ago
3
business of entertainment
abc
disney
hulu
hollywood mergers and acquisitions
bob iger
quarterly reports
upfronts
ad sales
linear television
disney fox merger
Adding to Disney's many recent woes in these days before their quarterly investor's call, Disney announced it would be "selling" some of its businesses that they no longer will believe to be part of their core. Among these is ABC, which at the last upfronts (where advertisers make their initial commitments for the next year) still scored nearly $4BN in ad sales. Why would they sell one of their better-performing assets?
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