Wall St. Analysts Say This Would Be Good Time to Sell CBS, ABC

May 24, 2010  •  Post A Comment

Wall Street executives are saying that if Sumner Redstone or Disney are considering selling CBS or ABC, now is a good time to do it, the New York Post reports.

"This is a good time to sell a network," said one Wall Street executive, according to the Post. "Retransmission makes it look more interesting. [CBS] has assets in radio but no long-term strategy in cable."

According to the Post, both CBS owner Redstone and Disney’s Bob Iger haven’t ruled out the possibility of putting their respective networks up for sale. 

Analysts have also concluded that this year’s upfront sales are expected to gain 20% over last year’s poor showing, which could further entice prospective buyers. 

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