Disney to keep TV stations, says CEO Bob Iger, in reversal from July

Walt Disney Co. Chief Executive Officer Bob Iger said he’s no longer considering selling the company’s traditional TV channels, like ABC and FX, reversing comments from earlier this year.

The executive, who returned to run Disney a year ago following the dismissal of his successor, Bob Chapek, had floated the idea of a sale in July. In an interview with CNBC, Iger said such channels may no longer be essential to the company.

“My thought at the time was that I would be public with that thought process, and I went as far as saying they might not be core to the company,” Iger said Wednesday at the New York Times DealBook Summit in New York.