** Wells Fargo thinks Walt Disney DIS.N shareholders support exiting linear assets to focus on direct-to-consumer business after Bloomberg reported talks of a potential ABC sale to Nexstar Media NXST.O

** NXST can also pay a "reasonable multiple" (for ABC ) and improve its terminal growth rate, brokerage adds

** DIS has held initial talks on the sale of ABC to local TV-station owner NXST, Bloomberg News reported on Thursday, citing sources

** "Any buyer of ABC would require long-term programming included for current shows from DIS's studios plus ESPN sports currently on ABC. We think this would all justify an EV/EBITDA multiple closer to 8x" - Wells

(Reporting by Aniruddha Ghosh in Bengaluru)

((Aniruddha.Ghosh@thomsonreuters.com; 91 83 83 81 2416;))