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Will Disney Consider An ABC Spinoff?

Reuters, Thursday, March 11, 2010 11:36 PM

Disney CEO Bob Iger said the company was keeping its options open for dealing with TV network ABC and its struggling news division, including the possibility of a spinoff. At a shareholders meeting he said there are no guarantees of what will remain part of Disney.

Sanford C Bernstein analyst Michael Nathanson said such speculation resurfaces periodically, on the argument that ABC does not fit in well with Disney's focus on exploiting its content and theme park properties across all divisions, adding: "ABC doesn't add a lot of value to Disney's other divisions," he said. But he did not expect a spinoff. Last month, Disney reported better-than-expected earnings on the back of a strong performance at its cable division and cost cuts at its film studio.

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