Disney sees sale of Us Weekly stake by fall
NEW YORK, Aug 9 (Reuters) Walt Disney Co. on Wednesday said it plans to sell its stake in celebrity magazine Us Weekly for about 0 million.
The deal is expected to close this autumn, Tom Staggs, Disney chief financial officer, told analysts on a morning conference call.
Disney agreed to purchase a half stake in the magazine from Wenner Media in 2001.
REUTERS SKU RN1847