Disney hasn’t acknowledged the offer, but previously said it’s leaving its options open.
back in July, Iger said the company was also considering selling off some of its linear TV assets amid market disruption that began during the covid pandemic. Disney’s portfolio of traditional TV networks includes the ABC network and cable TV channels like ESPN.
The offer for ABC isn’t an unusual move for Allen. The comedian-turned-producer has invested $1.3 billion over the last few years to add new assets to his media portfolio, including the Weather Channel and a string of local stations from Honolulu to Tucson. Not every bid to purchase other media properties has been successful, however, and those that were have saddled his company — Allen Media —
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