Disney Said to Be Exploring Sale of ABC to Nexstar

Walt Disney Co. has held initial talks about a potential sale of its ABC broadcast network to Nexstar Media Group, the largest owner of television stations in the country, Bloomberg reported Thursday.

A source familiar with the discussions told Bloomberg that no specific valuation has been discussed as talks are still preliminary. Neither company confirmed the report.

“While we are open to considering a variety of strategic options for our linear businesses, at this time The Walt Disney Company has made no decision with respect to the divestiture of ABC or any...