Strike Ripples. Returns Getting Harder, 3 Buy & a Bail IPO Edition 9/15/23
The Exchange
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Disney's Potential Divestiture of Linear TV Assets
The chapter discusses Disney's potential divestiture of its linear TV assets, with Next Star Media Group and Allen Media Company expressing interest in buying the ABC network and stations. Disney is cutting its targets for Disney Plus subscribers and excluding smaller networks from its charter deal, as it focuses on the higher margins of the direct-to-consumer business. Analysts are divided on the potential move and the rest of the media industry is watching closely.
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