Disney owns eight major-market ABC stations 

Nexstar and Allen Media Group expressed interest in acquiring these stations 

Disney initially denied plans to sell the ABC stations 

Disney is considering selling non-core assets due to financial challenges 

Nexstar's Tom Carter sees potential for a deal with Disney to expand their local broadcasting presence 

Government regulations limit the number of local stations a company can own 

The National Association of Broadcasters advocates for more freedom to acquire local stations 

Allen Media Group made a $10 billion bid for the ABC Network, FX, National Geographic, and the eight stations 

Byron Allen's company, Allen Media Group, owns The Weather Channel and other media properties 

Nexstar is also involved in a dispute with DIRECTV, affecting the availability of their local stations