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On March 19, 1985, Capital Cities announced that it would purchase ABC for $3.5 billion; the transaction was completed on January 3, 1986, forming Capital Cities/ABC Inc. The Walt Disney Company and Capital Cities completed a merger of equals in 1996. The Capital Cities name was retired upon the merger. Community content is available under CC ...
Capital Cities/ABC, Inc. operates in several areas of the media business. The Company operates the ABC Television Network with over 228 primary affiliates, ABC Radio Network and several TV and ...
Oct 27, 2011 · The acquisition of ABC, a much bigger company than Capital Cities, for $3.5 billion stunned the business world. At the time it was the biggest corporate acquisition outside the oil industry.
Mar 1, 1990 · Capital Cities/ABC. In 1985, Capital Cities, a company with interests in TV, radio and publishing, spent $3.4 billion to take over the American Broadcasting Co., a company four times its size. At the time, ABC employees feared their new parent’s tight fists and sharp eyes. Cap Cities management has certainly lived up to its advance billing ...
Capital Cities/ABC Inc., was an American media company. It was founded in 1985 when Capital Cities Communications purchased the much larger American Broadcasting Company in 1985. It was eventually acquired by The Walt Disney Company and re-branded itself as Disney–ABC Television Group in 1996. Capital Cities/ABC Inc. origins trace back in 1946, when Hyman Rosenblum (1911–1996), a local ...
