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ABC Radio on the block?
Broadcasting & Cable quotes Disney Chairman Michael Eisner as saying the radio
division might be sold if someone offers the right price. But who could/would
take on such an acquisition in this highly-leveraged marketplace where all (or
nearly all) of the likely players are maxed out? Given the talk about combining
ABC News with CNN, would AOLTW be interested in becoming a major player in the
radio biz? It's shocking that radio could become a 'non-core asset' to Eisner,
but given Disney's financial woes I suppose anything is possible. CapCities is
looking pretty good in retrospect...