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Walt Disney Co. has held exploratory talks about selling its ABC network and TV stations to local broadcaster Nexstar Media Group Inc., according to people familiar with the discussions.
The talks are preliminary and haven’t involved a specific valuation, according to one of the people, who asked not to be identified because the discussions aren’t public. Nexstar would only be interested at the right price.
Media mogul Byron Allen, who owns a string of TV outlets, has also had discussions with Disney about an acquisition of the network and its stations, according to another person, who was familiar with his involvement.
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