The reality in the broadcast media today is that network television properties are assets of ever-diminishing promise. Cable is where it's at. Network business models reek of a dependence on advertising revenue, a shaky proposition in the digital age. Cable's subscription-oriented structure looks much more appealing.
This idea has been around for a few years, and certainly been mentioned louder the past couple of years when ABC hasn't been doing that well.
So, if ABC gets sold and no longer becomes a part of Disney, is Barbara Walters still considered as a "Disney Legend"? After all, she got the award for her work at ABC. :)