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[ad_1] Media mogul Byron Allen has offered $10 billion to the Walt Disney Co. to purchase its ABC television network, in addition to the cable networks FX and National Geographic. The bid, which Allen's representative confirmed to CBS MoneyWatch, would include ABC's national TV network as well as several regional stations. The offer is "preliminary" and "could change" at any time, a source with knowledge of the matter told Bloomberg .  The $10 billion figure is based on an estimation that the networks accrued $1.25 billion in earnings before interest, taxes, depreciation and amortization within the past year, the publication reported.    Disney CEO Bob Iger signaled in July that Disney was open to selling some of its television assets as consumers continue to flock to streaming networks, eclipsing traditional television and cable. Since then, the company has been in talks with potential buyers inclu

[ad_1] Last Updated: July 18, 2023, 22:08 IST The growth is despite a 5% YoY decline in news industry inventory consumption. File image India’s largest TV news network registered a revenue of Rs 337 crore in the first quarter of current financial year, as compared to Rs 266 crore for the same period last fiscal Network18’s TV news business has registered a solid 26% revenue growth in the first quarter of the current financial year, despite continued weakness in the overall advertising environment. Beating the industry trends, India’s largest TV news network registered a revenue of Rs 337 crore in the first quarter of the current fiscal, as compared to Rs 266 crore for the same period last fiscal. The growth is despite a 5% YoY decline in news industry inventory consumption. News18 was able to drive growth powered by the increase in viewership shares and a strong focus on IP-events-led advertising revenue. Viewership gains in key markets over the last few quarters have enabled the