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Why did capital cities buy ABC?
The newly merged company, known as Capital Cities/ABC (or CapCities/ABC), was forced to sell off some stations due to FCC ownership limits. Between them, ABC and CapCities owned more television stations than FCC rules allowed at the time.
Aug 7, 1995 · NEW YORK -- Walt Disney Co. and Capital Cities/ABC have agreed to merge in a deal valued at about $19 billion. merger ever and the second-biggest takeover in the history of U.S. business,...
Aug 1, 1995 · NEW YORK — The Walt Disney Co. and Capital Cities/ABC Inc. have agreed to merge in a deal valued at about $19 billion. Capital Cities/ABC is the parent of Fairchild Publications,...
May 23, 2017 · The acronym is now little more than a footnote in history, but Disney's $19 billion plunge for ABC/Cap Cities (then the third largest merger on record) was a defining acquisition for the...
Aug 1, 1995 · NEW YORK — In a landmark merger that creates the largest entertainment company in the world and promises to quicken the realignment of Hollywood, the Walt Disney Co. agreed Monday to buy...
Aug 1, 1995 · In the second-largest corporate takeover ever, the Walt Disney Company moved yesterday to create the world's most powerful media and entertainment company, announcing that it would acquire...
May 25, 2022 · Ten years after the ABC acquisition, Murphy surprised the business world again with the announcement of the merger of Capital Cities/ABC with The Walt Disney Company. It was a $19 billion...
