This chapter explores the news that Walt Disney is considering selling its ABC network and TV stations to Nexstar Media Group, discussing potential antitrust issues and the impact on other networks and affiliates. It examines the changing media landscape and the factors Disney would need to consider in making such a deal. The chapter also delves into the worth of ABC stations, challenges in taxes and spinoff situations, and Bob Iger's focus on making Disney's streaming businesses profitable.
Anjee Solanki, National Director of U.S. Retail at Colliers, shares her thoughts on US retail sales that showed signs of slowing in August as consumers limited their discretionary spending amid higher gasoline prices. Bloomberg News Entertainment Reporter Chris Palmeri and Bloomberg Wall Street Week Host David Westin break the news that Disney is considering selling ABC to Nexstar. Jim Chanos, Founder and President of Chanos & Company, discusses his investment outlook and thoughts on China. Paula Vissing, President of Global Retail at Little Caesars, talks about the business of being the official pizza sponsor of the NFL. And we Drive to the Close with George Schultze, Founder and CEO of Schultze Asset Management.
Hosts: Tim Stenovec and Simone Foxman. Producer: Paul Brennan.
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