Disneys plan station sale

Family to divest stations purchased by Walt

NEW YORK — Walt Disney’s daughter and grandchildren are preparing to sell seven TV stations amassed by the late animation king himself under the name of Retlaw (“Walter” backward) Enterprises for an estimated $200 million.

Donaldson Lufkin & Jenrette has been hired to shop the station group, which consists of five CBS affiliates and two Fox affils.

Although the properties are in small markets, with the exception of the flagship station in Fresno, some of them are attractive. The station in Eugene, Ore., is known for its appealing demographics, while the one in Boise, Idaho, serves one of the country’s fastest-growing markets.

Retlaw’s cash flow is not known, but sources say the stations are underperforming, which means any buyer can count on rapidly improving their earnings. The biggest underperformer is the Fresno station, one knowledgeable person said.

Sources said Retlaw’s tax status as a private company means DLJ could break the company in two, selling the Fresno station to one buyer and the others elsewhere.

Sources said Retlaw is controlled by the Lillian Disney Trust and Diane Disney Miller, the daughter of Walt Disney and his widow, Lillian, who died in December. Additional ownership is believed to be spread among the Disneys’ 10 grandchildren.

More Biz

  • STX Targeting August IPO in Hong

    STX Targeting August IPO in Hong Kong (Report)

    NEW YORK — Walt Disney’s daughter and grandchildren are preparing to sell seven TV stations amassed by the late animation king himself under the name of Retlaw (“Walter” backward) Enterprises for an estimated $200 million. Donaldson Lufkin & Jenrette has been hired to shop the station group, which consists of five CBS affiliates and two […]

  • EXCLUSIVE: AR for US, UK and

    Pussy Riot Claims Responsibility for People Running Onto Field During World Cup

    NEW YORK — Walt Disney’s daughter and grandchildren are preparing to sell seven TV stations amassed by the late animation king himself under the name of Retlaw (“Walter” backward) Enterprises for an estimated $200 million. Donaldson Lufkin & Jenrette has been hired to shop the station group, which consists of five CBS affiliates and two […]

  • Former Billboard CEO Accused of Sexual

    Former Billboard CEO John Amato Accused of Sexual Harassment and Other Misconduct

    NEW YORK — Walt Disney’s daughter and grandchildren are preparing to sell seven TV stations amassed by the late animation king himself under the name of Retlaw (“Walter” backward) Enterprises for an estimated $200 million. Donaldson Lufkin & Jenrette has been hired to shop the station group, which consists of five CBS affiliates and two […]

  • Instagram

    Instagram Suffers Global Outage

    NEW YORK — Walt Disney’s daughter and grandchildren are preparing to sell seven TV stations amassed by the late animation king himself under the name of Retlaw (“Walter” backward) Enterprises for an estimated $200 million. Donaldson Lufkin & Jenrette has been hired to shop the station group, which consists of five CBS affiliates and two […]

  • Harvey Weinstein arrives to court in

    Harvey Weinstein Attorney Says He Was Misquoted in 'Roles for Sex' Interview

    NEW YORK — Walt Disney’s daughter and grandchildren are preparing to sell seven TV stations amassed by the late animation king himself under the name of Retlaw (“Walter” backward) Enterprises for an estimated $200 million. Donaldson Lufkin & Jenrette has been hired to shop the station group, which consists of five CBS affiliates and two […]

  • hearst logo

    Hearst Agrees to Pay $50 Million to Settle Data-Privacy Lawsuit

    NEW YORK — Walt Disney’s daughter and grandchildren are preparing to sell seven TV stations amassed by the late animation king himself under the name of Retlaw (“Walter” backward) Enterprises for an estimated $200 million. Donaldson Lufkin & Jenrette has been hired to shop the station group, which consists of five CBS affiliates and two […]

  • Randall Stephenson

    AT&T Stock Drops on Justice Department's Appeal of Time Warner Merger Ruling

    NEW YORK — Walt Disney’s daughter and grandchildren are preparing to sell seven TV stations amassed by the late animation king himself under the name of Retlaw (“Walter” backward) Enterprises for an estimated $200 million. Donaldson Lufkin & Jenrette has been hired to shop the station group, which consists of five CBS affiliates and two […]

More From Our Brands

Access exclusive content