Post by jdv on Sept 15, 2023 13:20:33 GMT -5
Maybe:
"Allen Media Group owner Byron Allen has made a $10 billion offer to Walt Disney to buy the ABC TV network, local stations, as well as the ancillary FX and National Geographic cable channels, a host of reports detailed Friday.
The bid, confirmed by Allen’s representative to CBS MoneyWatch, would include the entertainment giant’s ABC’s national TV network as well as several regional stations.
“Everyone is freaking the f**k out,” one ABC News staffer bluntly told CNN about the state of affairs inside the network."
The bid, confirmed by Allen’s representative to CBS MoneyWatch, would include the entertainment giant’s ABC’s national TV network as well as several regional stations.
“Everyone is freaking the f**k out,” one ABC News staffer bluntly told CNN about the state of affairs inside the network."
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Byron Allen - in case you didn't know - is a freakin' business genius who has slowly built a media empire. Which means that the offer is as serious as it gets.
Despite that (or maybe b/c of it), Disney stock prices sank even lower today as Wall St and investors finally wake up to the fact that Disney brass has been lying for years about profitability and potential for growth in streaming.
Disney is now obviously a sinking ship, but will anyone start launching the life boats?
