“Any buyer of ABC would require long-term programming agreement for current shows from Disney’s studios and ESPN sports currently on ABC,“ Cahall said.
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Wells Fargo analyst Steven Cahall estimates the ABC network and its owned-and-operated stations generate about $2.2 billion in retransmission-consent fees from distributors and programming fees from affiliates, plus $2.7 billion in advertising revenue, for a total of about $5 billion.Ĭahall estimates that the network breaks even in terms of EBITDA and the stations generate about $565 million in EBITDA. “We think there could be some opportunities depending on how things fall out.” There was also a report that Disney has held talks with Nexstar about selling ABC and the stations.įormer Nexstar president Tom Carter, now an adviser to Nexstar chairman and CEO Perry Sook, told an investment conference earlier this week that there would be “little friction” if Nexstar tried to buy the ABC stations.
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In 1994, she became a full time radio traffic anchor. Disney has said it is considering strategic alternatives for the TV business, but no decision about a sale has been made. Not only did Heather anchor the traffic while in studio, Heather was also an airborne traffic reporter for several years. The price could be adjusted based on the actual EBITDA figures.ĭisney did not respond to requests for comment on the bid by Allen.
The bid is reportedly based on an 8 times multiple of estimated earnings before interest, taxes, depreciation and amortization (EBITDA) generated by the Disney TV businesses. ABC7 provides weather updates and a weather map for NYC and the greater New York area. The Allen bid, first reported by Bloomberg, is for the ABC Television Network and the eight ABC Owned Television Stations, plus cable networks including FX and National Geographic.Īllen, who has already acquired The Weather Channel and a group of TV stations, has said he’s prepared to spend as much as $10 billion to buy stations and other TV assets. The dispute was resolved before the opening Monday Night Football game this week, with Disney letting Charter drop some Disney cable channels and resell Disney Plus and ESPN Plus.
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