Thursday, June 09, 2005

 

ABC Radio For Sale?

Rumors are swirling that Disney has put ABC Radio - the network and its local stations - up for sale. New York-based Goldman Sachs was reportedly enlisted to assist Disney in the process.

ABC boss Robert Iger has hinted that radio is no longer one of ABC's core businesses.

Locally, ABC owns KGO-AM/KSFO-AM/KMKY-AM San Francisco, and KIID-AM Sacramento.

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