TVNewser LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllTwitter AllFacebook InsideFacebook InsideSocialGames InsideMobileApps

Disney Insider Scandal Fuels Chatter About ABC Sale

The Wall Street Journal

ABC Mickey Mouse Story The insider trading scandal that erupted at The Walt Disney Co. on Wednesday led to more speculation that the media giant is considering a sale of its ABC broadcast network, although the company denied that negotiations are taking place.

Shares of Disney rose 2.3% to $33.07 Wednesday after reports that Bonnie Hoxie, administrative assistant to Zenia Mucha, the company’s head of communications, was arrested in Los Angeles along with her boyfriend, Yonni Sebbag.

The two were charged with trying to sell insider information, including word that Disney Chief Executive Robert Iger was in “serious and advanced negotiations with two private equity firms” to sell ABC, but no price had been determined, according to the criminal complaint. More…

Mediabistro Course

Mediabistro Job Fair

Mediabistro Job FairLand your next big gig! Join us on January 27 at the Altman Building in New York City for an incredible opportunity to meet with hiring managers from the top New York media companies, network with other professionals and industry leaders, and land your next job. Register now!