to Spin Off Radio Stations?
The Walt Disney Co. is considering a multistep transaction that would
result in a spin-off of its radio stations and radio network group, The Wall
Street Journal reported Tuesday. Disney may still hold onto the radio group,
which consists of 71 stations including WDYZ-AM 990, Orlando and
1390 in Gainesville and a separate radio network. A spokeswoman for Disney's
radio business declined to comment on the Journal story. The Journal said
interested bidders could include Citadel Broadcasting Corp., Entercom
Communications Corp., and Emmis Communications Corp. The ABC Radio
Network produces and distributes programming to about 4,800 affiliate radio
stations around the country, including such talk radio personalities as Paul
Harvey, Sean Hannity, and Larry Elder. It also distributes
sports programming from ABC Sports and ESPN, as well as music and
entertainment shows, including family-friendly pop music from Radio Disney.