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Disney radio move rumored

NEW YORK — Walt Disney Co. and Jacor Communications Inc. are the subjects of speculation of another merger in the rapidly consolidating radio station business, Barron’s reported in today’s edition.

Barron’s did not cite the sources of speculation.

Walt Disney chairman Michael Eisner is considering an exit of the radio business by selling its ABC radio network to Jacor for as much as $2 billion, the publication reported.

On the other hand, Eisner may opt to build the ABC radio network by acquiring Jacor.

Disney and Jacor were not immediately available for comment.

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