2 days ago

Disney Explores Possible Sale of ABC, Raising Questions for ABC News Anchors

Benzinga
Benzinga
Disney has held exploratory talks with Nexstar Media about possibly selling off ABC, though Disney said it's not selling ABC "at this time." A sale of ABC could have major ramifications for ABC News and its high-paid anchors. Without Disney's deep pockets, a new owner may not be willing to pay the anchors' eight-figure salaries. George Stephanopoulos’ political connections from his time in Bill Clinton's administration are seen as important by some, but others question if he's worth his reported $15M/year salary. The future of ABC News is uncertain as TV news becomes less profitable, and a new owner may choose to cut costs significantly.

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