I cannot envision ABC or any network selling off their O&O divisions for quick cash. Each net's O&O division is a steady, long term cash-generating machine which consistently brings good returns...in fact, during lean years at each of the Big 3 networks, the owned and operated stations (and the radio divisions) were the only parts of the companies that showed a profit!
I believe it would be abidingly stupid for such a sale to be even considered just to goose the bottom line for one or two years. What happens when you don't have that steady O&O revenue to backstop your network operations?
I believe it would be abidingly stupid for such a sale to be even considered just to goose the bottom line for one or two years. What happens when you don't have that steady O&O revenue to backstop your network operations?