ABC Radio sale slows to eye rival auction--sources
Tue Oct 25, 2005 03:29 PM ET
By Julie MacIntosh
PHILADELPHIA, Oct 25 (Reuters) - Walt Disney Co.'s (DIS.N: Quote, Profile, Research) ABC Radio sale process is moving at a snail's pace, sources say, because Disney hasn't yet decided which parts of ABC Radio it wants to sell and is waiting for broadcaster Susquehanna Media to wrap up the auction of its 33 radio stations.
Disney is aiming to make a decision on whether and how it will sell ABC Radio by Thanksgiving after pushing back that loose guideline several times, sources said, but several of them doubted a winning bidder could be picked by then.