Walt Disney Co.'s streaming service, Disney+, has reportedly encountered obstacles in meeting its subscriber targets, according to sources familiar with the matter.
Disney is pushing back on reports that the company is talking with Nexstar Media Group about a potential sale of ABC and its eight local ABC stations.
Disney is in talks to sell ABC to Nexstar, Bloomberg first reported. The move is the latest in Bob Iger's plan to slim down the House of Mouse and focus on streaming.
Thirty-one years ago, cable TV pioneer John Malone predicted customers would have as many as 500 channels in their living rooms.
Discussions are reportedly still preliminary, but Disney CEO Bob Iger has suggested traditional television “may not be core to Disney.”
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. Chris Pal
Disney CEO Bob Iger said in July that the company could sell some of its traditional TV assets that have struggled for years due to the rise of streaming services.
Walt Disney Co. DIS, +1.11% is in initial talks on a possible sale of ABC to local broadcaster Nexstar Media Group Inc. NXST, +5.27%, Bloomberg News reported, citing people familiar with the situation
Disney's (NYSE: DIS ) stock has dropped nearly 10% this year and 55% from its pandemic peak. Indeed, as far as mega cap stocks are concerned, Disney really is on the out with many investors.

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Disney and Charter added ESPN+ and Disney+ to certain Spectrum Cable plans at no additional cost. Disney effectively confirmed -- again -- that ESPN will eventually only be available as a standalone s
Disney (DIS) announces new attractions like the Zootopia show in the Tree of Life Theatre, Pirates of Caribbean-themed lounge and Avengers Jumping Vehicle at Destination D3.
Marvel Studio's VFX workers unanimously voted to unionize with the International Alliance of Theatrical Stage Employes, marking the first time visual effects workers have unionized with IATSE, the uni
IMAX is set to showcase its next-generation streaming technology, Stream Smart, at IBC 2023, as part of its strategy for expanding the adoption of the global technology platform.
A landmark deal between Disney and Charter spawned relief, excitement and dismay among TV executives, given the deal's many implications for the entire industry
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