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Definitely agree that ABC will host election coverage, and that Nate will appear on the network! But did want to mention that ESPN is 80% owned by The Walt Dis
by kanamekun 13y ago
Definitely agree that ABC will host election coverage, and that Nate will appear on the network!
But did want to mention that ESPN is 80% owned by The Walt Disney Company (which also owns ABC)... and 20% owned by Hearst.
Here's the history of ESPN's ownership, from Wikipedia: "In 1984, ABC made a deal with Getty Oil to acquire ESPN. ABC retained an 80% share, and sold 20% to Nabisco. The Nabisco shares were later sold to Hearst Corporation, which still holds a 20% stake today. In 1986, ABC was purchased for $3.5 billion by Capital Cities Communications. In 1996, The Walt Disney Company purchased Capital Cities/ABC for $19 billion and picked up the 80% stake in ESPN at that time."
http://en.wikipedia.org/wiki/History_of_ESPN http://en.wikipedia.org/wiki/History_of_ESPN
I've met with Hearst a few times, and their executives love to mention their 20% stake in ESPN!