Broadcasting & Cable
The Walt Disney Company has made an agreement to sell the two smallest O&Os in its 10-station ABC Owned Television Stations Group to the stations’ former owner SJL Broadcasting.
The stations — WJRT in Flint, Mich., and WTVG in Toledo, Ohio,–are strong revenue generators in their markets and are expected to remain ABC affiliates. Pending FCC approval, the deal is expected to be completed in early 2011.
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There has been speculation that Disney might spin off ABC, and Disney CEO Bob Iger, who is scheduled to report the company’s earnings next week on Nov. 11, kept his options open back in March during the company’s annual shareholders meeting More…