Disney has received an offer of $10bn from media mogul Byron Allen for its ABC TV network, local stations, and cable channels, as the company seeks to focus on streaming. Allen's offer is preliminary and could change, but is based on the assumption that the assets generated $1.25bn in earnings over the past year. Disney has also held talks with Nexstar Media Group about ABC and its eight local TV stations. No decision has been made about a sale, but the negotiations could help establish the value of television assets.
The Weather Channel News & Breaking Stories
The most powerful hurricane of 2023, Jova, is rapidly intensifying in the Pacific Ocean, but fortunately not heading towards the coast. Meanwhile, Hurricane Lee is forming in the Atlantic and poses a threat to several Caribbean islands.
Weather Channel Meteorologist Jim Cantore to Cover Tropical Storm Idalia Expected to Become Category 3 Hurricane in Florida
Weather Channel meteorologist Jim Cantore is heading to Florida to cover Tropical Storm Idalia, sparking excitement and nervousness among residents. Cantore is known for his "on the ground" reporting style and is expected to provide live coverage of the storm. Stay tuned for updates on his location.