Disney Trying to Sell Stake in Fusion


Walt Disney Co. has decided to rid itself of Fusion Media. According to The Wall Street Journal, Disney is in talks to sell its stake in Fusion, which includes a cable and digital news network created as part of a venture with Univision Communications Inc. Disney’s ABC News and Univision launched the network in October 2013 in a bid to target English-speaking Hispanics.

However, the network has struggled to gain traction and shifted course to target millennials with a focus on pop culture and technology. The publication, quoting unnamed sources, reports that both companies are trying to find a way to exit by the end of the year.

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