With all the hullabaloo surrounding ABC Daytime's The View of late, one report from The Daily Beast from mid-July proposed to explain how Barbara Walters and Bill Geddie lost control of the chatfest.
According to the item, Walters sold her ownership stake in the franchise. Here's an excerpt:
According to a friend of Geddie’s, the veteran producer—who is Barbara Walters’ business partner in Barwall, her independent production company that has produced her Oscar and “Most Fascinating People” specials for the past two decades--had hoped to continue for at least another two years as top dog at the program he helped create. But Hackner and Sherwood had other ideas, and Walters—who according to sources quietly sold her 50 percent ownership stake in The View to the network for an undisclosed sum—no longer had the clout to protect him.
Babs should book a lunch date with All My Children and One Life to Live creator AgnesNixon. If anyone can school the veteran journalist on what happens when you sell your TV show(s) to ABC, it's the mother of the modern soap opera.