Disney: Byron Allen bids $10B to buy ABC Network, television channels [ah1PGtTSl8F]

Byron Allen, founder and CEO of the Allen Media Group, has reportedly bid $10 billion to acquire the ABC Network and other TV channels from Disney's (DIS) linear broadcast segment. This offer comes as Disney is also in preliminary talks with Nexstar Media Group (NXST) over a potential deal for these stations. Yahoo Finance Entertainment Reporter Alexandra Canal joins the Live show to break down Disney CEO Bob Iger's plans for the company's broadcast segment while prioritizing growth in its streaming offerings. Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: Connect with Yahoo Finance: Get the latest news: Find Yahoo Finance on Facebook: Follow Yahoo Finance on Twitter: Follow Yahoo Finance on Instagram: Follow Yahoo Finance Premium on Twitter:

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