Skip to comments.Disney selling ABC News’ longtime headquarters as trouble looms for embattled TV stars, journalists
Posted on 06/13/2018 1:46:32 PM PDT by george76
Disney is selling the longtime headquarters of ABC News, which occupies a prestigious piece of New York City real estate.
The sale is raising new questions about the future of Disneys troubled news operation.
Once-vaunted ABC News has struggled for identity in recent years, as the TV news spotlight has shifted to cable and the internet. And ABC News' notable shift away from hard news coverage, perhaps in search of viewers, has reduced its relevance in the news ecosystem ... as Disney executives voice increasing frustration with the high costs and low returns of the news operation.
ABC staffers tell Fox News they have been informed that they will likely be moving far downtown in Manhattan to an area known as Hudson Square, which is not convenient to many commuters... ABC is seeking about 33 percent less square footage downtown than it currently has, raising the prospect that the move will be accompanied by staff reductions.
Even as staffers anticipate potential cutbacks, ABC News, which is owned by Disney, continues to pay huge amounts of money to the stars at the top of its on-air roster... these paychecks have rankled Disney executives
Disney pays President Bill Clinton's onetime adviser George Stephanopoulos a reported $15 million a year despite criticism that he plays an awkward role on his main broadcast, Good Morning America. It is also paying largely unknown host David Muir, of World News Tonight, an estimated $7 million a year
ABC News programs include Good Morning America and The View, which blur the lines between news and entertainment programming.
In addition to the various liberal bias controversies swirling around ABC News, Disney has also faced criticism over anti-Trump comments by ESPN stars, as well as by ABC's late-night comedy star Kimmel
(Excerpt) Read more at foxnews.com ...
Tick, tick, tick.
Hate filled anti-Trump vitriol 24/7 and lies/fake news just doesn’t appeal to viewers.
Hiring Clinton hacks as “news” people not paying off for ABC???
if only the blood-poisoning would spread to Disney proper!
The. Buliding can easily be converted by Eric Trump as apartments.
Peter Jennings is rolling in his grave.
I could save them $22M in a New York minute.
Too bad, so sad!!!
Is 40 Rock next?
Disney could sell ABC News to The Enquirer for use as a bus station bathroom.
ABC News is unwatchable.
With his experience and qualifications I think George Stefanopoulos could find any number of opportunities in the service sector.
I don't watch ABC News, but have seen clips of this Muir fellow on various news stories on the internet. He always holds his arms to his desk and pushes up, like he's trying to launch himself.
We can only hope!
$15M a year to Stepinitandstinkus.
Back before 9/11 and during the 9/11 terrorist attack against America, I watched GMA while getting ready for work. Not long after it was clear to see the network was imposing leftist ideology upon viewers via sitcoms and other shows. Indoctrination and propaganda are not my idea of entertainment. I hope they go belly up and drag Disney further into a deep abyss.
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