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ESPN owns and operates regional channels in Brazil, Caribbean, Latin America, Netherlands, Oceania and Sub-Saharan Africa. In Canada, ESPN is a minority owner of The Sports Network (TSN) and the French-language Réseau des sports (RDS). ESPN also has a minority stake in J Sports in Japan.
ESPN Inc. is an American multinational sports media conglomerate majority-owned by the Walt Disney Company, with Hearst Communications as an equity stakeholder. [1] Headed by James Pitaro, it owns and operates local and global cable and satellite television variants of ESPN, ESPN2, ESPN Radio, ESPN.com, ESPN+ and other related ventures. [2] [3] [4]
ESPN is 80 percent owned by ABC, Inc. (an indirect subsidiary of The Walt Disney Company) and 20 percent by Hearst. Based in Bristol, Conn., ESPN has approximately 3,800 employees (4,600 worldwide).
ESPN was founded by Bill Rasmussen, his son Scott Rasmussen, then 43 year old eye doctor and Aetna insurance agent Ed Eagan. [1] Bill, who had an affinity with sports for much of his life, was fired from his position as the communications manager for the New England Whalers in 1978. [1]
Getty and ABC Video, a wholly owned subsidiary of ABC, Inc, announce letter of intent for pay sports venture involving ESPN. Deal involves supplementary coverage by ESPN of various events from ABC and an option for ABC to acquire 10% of ESPN. 1984.
Discover who owns ESPN: Learn how The Walt Disney Company's 80% stake and Hearst Communications' 20% share power ESPN's success, blending sports broadcasting with unparalleled storytelling. Gain insights on the strategic partnerships shaping the media landscape.
New England sports announcer William Rasmussen founded ESPN to broadcast New England Whalers hockey games and University of Connecticut sports events. It was purchased by the Getty Oil Company before it began broadcasting in 1979, the year it began signing large advertising contracts.
Disney—which owns 80% of ESPN, while Hearst holds the remaining 20%—could sell stake in the company to new investors assuming it intends to maintain majority ownership, according to the note.
Reaching fans across television, digital media, audio, print and more, it has unparalleled scope, scale, consumption and brand strength. Based in Bristol, Connecticut, the company is 80% owned by ABC, Inc., an indirect subsidiary of The Walt Disney Company. Hearst holds a 20% interest in ESPN.
Disney, which owns ESPN, had been seeking a strategic partner for ESPN to help it navigate those choppy waters as its lucrative cable TV revenue decreases. “They’re agreeing with the prediction...