Report: Disney close to cable deals with Comcast, others
A newspaper reports that the Walt Disney Company is close to striking new deals with two of the country's largest cable T-V operators. The Los Angeles Times cites unidentified sources in saying the deals are with Philadelphia-based Comcast and Time Warner Cable.
The report says Comcast could buy Disney's 39.5 percent stake in E! Entertainment. Also, Disney could collect (b) billions of dollars to supply content, including its popular E-S-P-N sports cable channel, to Comcast and Time Warner.
The only one of the three companies to comment on the report is Time Warner — where a spokesman only says his company is in active negotiations with Disney. He declined to elaborate.