Trefis submits:
In a recent meeting, Disney’s (NYSE:DIS) CEO did not deny the possibility of selling off the broadcast network ABC. The ABC Television Network reaches approximately 99% of US TV households and competes with other broadcast networks like CBS, (NYSE:CBS) and Fox, owned by News Corp (NYSE:NWS). We estimate that a sale of ABC could generate $3.5 billion for Disney and that continued declines in ABC viewership could lower this amount even further.
Sale of ABC Network Could Generate $3.5 billion for Disney