Walt Disney Co planning to unload 23 radio stations, lay off staff

Walt Disney is planning to sell 23 radio stations and will begin distributing much of its Radio Disney content digitally, the company said. As a result of the expected sales, Radio Disney will lay off about 200 people.

Disney will retain its AM station in Los Angeles -- KDIS-AM (1110) -- which will be used to originate Radio Disney's national programming feed.

Disney is planning to sell stations in major markets including New York, Chicago and Philadelphia. In all, the company will jettison 22 AM stations and one FM station. The local stations will cease operating on Sept 26.