BURBANK, Calif. - The Walt Disney Company (NYSE: DIS) issued the following statement in response to media reports regarding our linear businesses.

"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 other property and any report to that effect is unfounded."

Contacts:

Mike Long

Corporate Communications

(818) 560-4588

Alexia Quadrani

Investor Relations

(818) 560-6601

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