Irving-based Nexstar Media Group has held exploratory talks with Walt Disney Co. about buying its ABC network and TV stations, according to a person familiar...
, Atlantic Coast Conference football and basketball games, and NASCAR Xfinity races beginning in 2025.
“If you were to buy the ABC complex, how would that work going forward?” he said. “There’s a lot of questions that need to be answered there.”He also said Nexstar, the largest U.S. owner of TV stations, needs more guidance from Disney on what it wants to do.“They’ve got to be a little bit clearer in their thinking,” Carter said. “We can take direction, but we’re not necessarily out there leaning into any of this stuff without a clear path.
Disney CEO Bob Iger said in July that he is considering divesting traditional TV networks like ABC. Broadcast and cable channels have been losing viewers to streaming services such as Disney+ and Hulu. Nexstar has 200 owned or partner TV stations in 116 markets. It recently acquired majority ownership of the CW network from Warner Bros. Discovery Inc. and Paramount Global last year. It also owns NewsNation, a cable news channel.
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