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Iger’s New Suitors & ABC Agita

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.

Bloomberg reported that Bob Iger has held “exploratory talks” about selling ABC.
Bloomberg reported that Bob Iger has held “exploratory talks” about selling ABC. Photo: Jay L. Clendenin/Getty Images
Dylan Byers
September 15, 2023

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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 the competition. “All of our peers are losing a lot of money,” he said at a town hall, a recording of which I obtained from a source. “You can’t play offense if you’re losing money.”