Disney's 1995 Deal For ABC Made Buffett Billions By Marrying Mickey Mouse With SportsCenter (2024)

More From Forbes

Trump Media (DJT) Stock Is Extremely Overpriced-But Too Risky To Short","scope":{"topStory":{"index":1,"title":"Trump Media (DJT) Stock Is Extremely Overpriced-But Too Risky To Short","image":"https://specials-images.forbesimg.com/imageserve/660db073158def2d95c2d35c/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 5, 2024","hourMinute":"07:13","amPm":"pm","isEDT":true,"unformattedDate":1712358780114},"uri":"https://www.forbes.com/sites/joelshulman/2024/04/05/trump-media-djt-stock-is-extremely-overpriced-but-too-risky-to-short/"}},"id":"f8a55e98k9mo00"},{"textContent":"

Q1 Had Market Surprises, But Biggest One May Not Yet Have Arrived...","scope":{"topStory":{"index":2,"title":"Q1 Had Market Surprises, But Biggest One May Not Yet Have Arrived...","image":"https://specials-images.forbesimg.com/imageserve/660a2f2daee78f0c324ecd0a/290x0.jpg?cropX1=11&cropX2=3578&cropY1=0&cropY2=2005","isHappeningNowArticle":false,"date":{"monthDayYear":"Mar 31, 2024","hourMinute":"11:52","amPm":"pm","isEDT":true,"unformattedDate":1711943573650},"uri":"https://www.forbes.com/sites/joelshulman/2024/03/31/q1-had-market-surprises-but-biggest-one-may-not-yet-have-arrived/"}},"id":"27nm0lga285c00"},{"textContent":"

Indices Have All Their Eggs In One Basket That May Soon Tumble & Crack","scope":{"topStory":{"index":3,"title":"Indices Have All Their Eggs In One Basket That May Soon Tumble & Crack","image":"https://specials-images.forbesimg.com/imageserve/65f0907f95851e198c814f5b/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Mar 13, 2024","hourMinute":"08:45","amPm":"pm","isEDT":true,"unformattedDate":1710377156284},"uri":"https://www.forbes.com/sites/joelshulman/2024/03/13/indices-have-all-their-eggs-in-one-basket-that-may-soon-tumble--crack/"}},"id":"2ijnhp424ga000"},{"textContent":"

AI is Red Hot: Will Investors Get Burned On Nvidia And Super Micro?","scope":{"topStory":{"index":4,"title":"AI is Red Hot: Will Investors Get Burned On Nvidia And Super Micro?","image":"https://specials-images.forbesimg.com/imageserve/65dcd2817cef4ddc978c2875/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Feb 26, 2024","hourMinute":"06:04","amPm":"pm","isEDT":false,"unformattedDate":1708988686784},"uri":"https://www.forbes.com/sites/joelshulman/2024/02/26/ai-is-red-hot--will-investors-get-burned-on-nvidia-and-super-micro/"}},"id":"d12h7ir86ep400"},{"textContent":"

When Is Executive Compensation Excessive? Elon Musk and Beyond","scope":{"topStory":{"index":5,"title":"When Is Executive Compensation Excessive? Elon Musk and Beyond","image":"https://specials-images.forbesimg.com/imageserve/65bc422fd50a7cd67488abf8/0x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Feb 5, 2024","hourMinute":"02:35","amPm":"pm","isEDT":false,"unformattedDate":1707161738262},"uri":"https://www.forbes.com/sites/joelshulman/2024/02/05/when-is-executive-compensation-excessive-elon-musk-and-beyond/"}},"id":"2gpin3c3jq9g00"},{"textContent":"

Financial Markets Teeter On Rate Cut & Inflation Uncertainty","scope":{"topStory":{"index":6,"title":"Financial Markets Teeter On Rate Cut & Inflation Uncertainty","image":"https://specials-images.forbesimg.com/imageserve/65986c926a3d874acfd0283a/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Jan 5, 2024","hourMinute":"03:58","amPm":"pm","isEDT":false,"unformattedDate":1704488327027},"uri":"https://www.forbes.com/sites/joelshulman/2024/01/05/financial-markets-teeter-on-rate-cut--inflation-uncertainty/"}},"id":"202cmdqq28cc00"},{"textContent":"

Small Cap Growth Stocks Soar On Declining Inflation And Bright Outlook","scope":{"topStory":{"index":7,"title":"Small Cap Growth Stocks Soar On Declining Inflation And Bright Outlook","image":"https://specials-images.forbesimg.com/imageserve/657b4e8a2b8b9cbd99ac08df/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Dec 27, 2023","hourMinute":"09:46","amPm":"am","isEDT":false,"unformattedDate":1703688372369},"uri":"https://www.forbes.com/sites/joelshulman/2023/12/27/small-cap-growth-stocks-soar-on-declining-inflation--bright-outlook/"}},"id":"1g4k8enkd8m800"},{"textContent":"

Markets May Deliver Historic Small Cap Christmas Rally","scope":{"topStory":{"index":8,"title":"Markets May Deliver Historic Small Cap Christmas Rally","image":"https://specials-images.forbesimg.com/imageserve/65720569cb61c4b87776f0fa/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Dec 7, 2023","hourMinute":"11:59","amPm":"am","isEDT":false,"unformattedDate":1701968355660},"uri":"https://www.forbes.com/sites/joelshulman/2023/12/07/markets-may-deliver-historic-christmas-rally-and-more-small-caps/"}},"id":"c3cnbrp06a9k00"}],"breakpoints":[{"breakpoint":"@media all and (max-width: 767px)","config":{"enabled":false}},{"breakpoint":"@media all and (max-width: 768px)","config":{"inView":2,"slidesToScroll":1}},{"breakpoint":"@media all and (min-width: 1681px)","config":{"inView":6}}]};

Disney's 1995 Deal For ABC Made Buffett Billions By Marrying Mickey Mouse With SportsCenter (2024)

FAQs

Who purchased ABC in 1995? ›

Also that year, CC/ABC formed a partnership with Brillstein/Grey Entertainment to launch Brillstein/Grey Communications. The Walt Disney Company announced that it would merge with Capital Cities/ABC in 1995. This merger of equals led to the formation of a new subsidiary, ABC, Inc., on September 19, 1996.

How much did Disney purchase ABC for? ›

WASHINGTON, D.C. -- The Department of Justice's Antitrust Division today cleared Walt Disney Company's $19 billion purchase of Capital Cities/ABC Inc., after Disney said it would sell its Los Angeles television station, KCAL-TV.

Was the Disney ABC merger a success? ›

Disney buys ABC

The move was not an immediate success, at least for stockholders, as the share price stayed relatively flat until 2012 when it began to move staunchly upward. But while it took over a decade for the benefits of this deal to be realized, it was a very logical combination when it was announced.

Why would Disney sell ABC? ›

Still, that's not the prime rationale for why Disney Chief Executive Bob Iger told CNBC in July he's contemplating selling off media assets — something he's long resisted. Rather, a sale of ABC and linear cable networks would be a message to the investment community: The era of traditional TV is over.

Did ABC buy Disney or did Disney buy ABC? ›

After Walt Disney Co. completed its landmark acquisition of ABC in 1996, the entertainment conglomerate did not waste any time integrating the TV network into its corporate culture.

Who actually owns ABC? ›

The American Broadcasting Company (ABC) is an American commercial broadcast television and radio network that serves as the flagship property of the Disney Entertainment division of the Walt Disney Company.

Is ABC still owned by Disney? ›

ABC Owned Television Stations is a division of Disney Entertainment operated by Disney Networks Group that oversees the owned-and-operated stations of the American Broadcasting Company (ABC), a division of The Walt Disney Company.

Does Disney own Fox and ABC? ›

Acquisitions have helped Disney expand its reach in media and entertainment—including 21st Century Fox, which it acquired in 2019 for $71 billion. Disney became the first media company to have a presence across filmed entertainment, cable television, broadcasting, and telephone wires after it bought Capital Cities/ABC.

What is Disney's largest acquisition? ›

Fox: for $71.3 billion

Disney's largest acquisition, and one of the largest mergers in the technology, media and telecom sector ever, was finalized in March 2019 when its $71.3 billion purchase of Fox officially closed.

Is Fox owned by Disney? ›

Yes, Disney does own Fox Studios in Hollywood. The Walt Disney Company acquired 21st Century Fox and its many assets, including the film studio 20th Century Fox, one of Hollywood's most enduring institutions \2 . This acquisition took place on March 20, 2019. The studio was renamed to 20th Century Studios in 2020 \2 .

What is Disney CEO's salary? ›

Disney CEO Bob Iger's total compensation in 2023 hit $31.6 million, according to a preliminary proxy statement the company filed Tuesday.

Is Hulu owned by Disney? ›

The Walt Disney Company on Wednesday announced it will buy Comcast's $8.6 billion stake in Hulu, completing its takeover of the streaming service.

What company purchased CBS in 1995? ›

For many years the only self-owned broadcasting network in the United States, CBS relinquished its independence in 1995 when, amid falling television ratings and a decline in the number and quality of affiliate stations, it was sold to the Westinghouse Electric Corporation for $5.4 billion.

Who owned NBC in the 90s? ›

In 1932, GE was forced to sell RCA and NBC as a result of antitrust charges; in 1986, control of NBC passed back to GE through its $6.4 billion purchase of RCA, which sold off the entirety of NBC's radio assets. In 2003, French media Vivendi merged its assets with GE to form NBC Universal.

Did Disney buy ABC? ›

ABC Group. Media conglomerate Capital Cities/ABC Inc. merged into The Walt Disney Company in 1996 and was initially re-branded as ABC Group.

When did Disney buy ABC and ESPN? ›

Disney bought ABC, along with cable sports channel ESPN, in 1996 but has been considering the sale of its television interests as part of a wider restructure that would see it accelerate its streaming ambitions.

Top Articles
Latest Posts
Article information

Author: Msgr. Refugio Daniel

Last Updated:

Views: 5575

Rating: 4.3 / 5 (54 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Msgr. Refugio Daniel

Birthday: 1999-09-15

Address: 8416 Beatty Center, Derekfort, VA 72092-0500

Phone: +6838967160603

Job: Mining Executive

Hobby: Woodworking, Knitting, Fishing, Coffee roasting, Kayaking, Horseback riding, Kite flying

Introduction: My name is Msgr. Refugio Daniel, I am a fine, precious, encouraging, calm, glamorous, vivacious, friendly person who loves writing and wants to share my knowledge and understanding with you.