Capital Cities bought ABC in 1986 in a deal that stunned the broadcast industry.
In 1985, Capital Cities announced that it would buy ABC.
And then he called me and said, 'I'm buying ABC, so you really have to do this.'
The revenue percentage has dropped since Disney bought ABC, which is primarily a domestic business.
When Capital Cities bought ABC in 1986, his job was cut.
Disney buys ABC, which then broadcasts its movies and cartoons.
Eisner recently decided to buy ABC.
But when the opportunity to buy ABC presented itself, it proved irresistible.
Capital Cities owned cable properties before it bought ABC, but it had to sell them after the merger.
But that deal was signed about a decade ago, before Disney created its Hyperion book unit and bought ABC.