Summit Notebook

Exclusive outtakes from industry leaders

from MediaFile:

GlobalMedia-ABC News in talks with Bloomberg

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MEDIA-SUMMIT/DISNEYThe news divisions at the big networks have been in a world of hurt lately as advertisers seek out younger consumers and viewers. This has lead to big cutbacks in staffing and resources over the years as the networks strive to keep profit margins from deteroirating even further.

ABC is certainly no expectation and has experienced managment upheaval when ABC News president David Westin announced in September his departure partly due to the financial situation and the pressure to increase profit margins.  

Speculation has persisted that ABC News parent company, Walt Disney, has been seeking to untie itself from the division-- rumors that similary dog CBS.

Anne Sweeney, president of Disney/ABC Television Group, flatly denied that the company was looking to offload the news or TV divisions but also confirmed that ABC News has been in talks with Bloomberg in forming a partnership. "We've had a lot of conversatoins with Bloomberg over the past couple of years," she said during Reuters Media Global Summit.

ABC: Don’t you know that I’m still in love with news?

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I asked ABC TV chief Anne Sweeney at our Global Media Summit on Monday whether the nightly news broadcast will go away someday soon. Everyone who follows the broadcast TV business has wondered this at some time or another, particularly as fewer people tune in.

Here’s a bit of that conversation, where I got Sweeney to firmly say… not much. If you’re in a rush, the general message appears to be:

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