Darkbeer
11-10-2005, 08:06 AM
http://www.drudgereport.com/flashar.htm
(Selected sentences....)
DISNEYABC CEO Robert Iger is prepared to sign off on the sale of the network's ABC radio network and ABC radio stations, top sources tell the DRUDGE REPORT.
A sale of ABC RADIO, with the network's sensational constellation of 60+ stations, including WABC in New York, the nation's top-rated talkstation, WLS in Chicago; KGO and KSFO in San Francisco; WBAP in Dallas, influential WMAL in DC, WJR in Detroit, and others, is expected to rock and roil the radio industry.
A deal would not include Radio Disney or ESPN radio; it will be a "reverse Morris Trust" transaction, where DISNEY shareholders will hold half of the newly merged radio company.
"I think we will know around Thanksgiving if it's happening this round," said a second well-placed insider.
(Selected sentences....)
DISNEYABC CEO Robert Iger is prepared to sign off on the sale of the network's ABC radio network and ABC radio stations, top sources tell the DRUDGE REPORT.
A sale of ABC RADIO, with the network's sensational constellation of 60+ stations, including WABC in New York, the nation's top-rated talkstation, WLS in Chicago; KGO and KSFO in San Francisco; WBAP in Dallas, influential WMAL in DC, WJR in Detroit, and others, is expected to rock and roil the radio industry.
A deal would not include Radio Disney or ESPN radio; it will be a "reverse Morris Trust" transaction, where DISNEY shareholders will hold half of the newly merged radio company.
"I think we will know around Thanksgiving if it's happening this round," said a second well-placed insider.