Disney considers sale of TV networks.

[vcr1980]

CEO of Disney, Bob Igor spoke with CNBC's David Faber:

At the top of the list is assessing the traditional TV business, Iger said. Disney owns a portfolio of TV networks, from broadcast station ABC to cable TV channels like ESPN.

Disney is going to be “expansive” in its thinking about the traditional TV business, leaving the door open to a possible sale of the networks. “They may not be core to Disney,” Iger said.

Iger said when he had left the company he had predicted the future of traditional TV and had been “very pessimistic,” and has found since his return that he was right in his thinking, adding it’s worse than he expected.

 

[dishdude]

Yep, the writing is on the wall for traditional broadcast/cable TV.

 

[harshness]

If this comes as a surprise to you, you must have been living in China, Iran or North Korea.

 

[Bruce]

Apple is the supposed buyer, but they come up in rumors every time a media company might be up for sale.