‘Everyone Is Freaking Out’: Disney Explores Sale of ABC Network and Stations Amid Financial Challenges

Walt Disney Co. is in preliminary talks about potentially selling ABC network and TV stations, with Nexstar Media Group (the largest owner of local television and broadcast networks in the country) showing interest, Bloomberg reported on Thursday.

While the discussions are said to be in the early stages, with no “specific valuation,” several individuals with or connected to ABC News have expressed apprehension and unease as they confront an uncertain future, CNN reported.

One ABC News employee described the prevailing sentiment to CNN saying,

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