Disney Explores Possible Sale of ABC, Raising Questions for ABC News Anchors
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.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 Disney has held exploratory talks with Nextstar Media about possibly selling off ABC, although
00:07 Disney said it's not selling ABC at this time.
00:10 A sale of ABC could have major ramifications for ABC News and its high-paid anchors.
00:15 Without Disney's deep pockets, a new owner may not be willing to pay the anchor's eight-figure
00:19 salaries.
00:20 George Stephanopoulos' political connections from his time in Bill Clinton's administration
00:24 are seen as important by some, but others question if his work has reported $15 million
00:28 a year salary.
00:30 The future of ABC News is uncertain as TV news becomes less profitable and a new owner
00:34 may choose to cut costs significantly.
00:36 For all things money, visit Benzinga.com.
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