Disney May Sell Radio Unit

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Walt Disney Co. is weighing getting out of the traditional radio business, according to a published report.


The New York Post reports the Burbank-based media conglomerate is considering what to do with its ABC Radio division and that a sale for well over $1 billion is an option. A decision on the unit’s future is on the top of CEO Robert Iger’s “To Do” list, according to the report.


The company is “deciding whether [radio] fits with their core businesses,” a source close to the company told the newspaper. “But it’s still in the early stages.”


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