Disney owns espn???
Posted: Sun Nov 14, 2010 4:58 am
what when why??? 
As mentioned, William Rasmussen founded the channel. Just before ESPN launched, Getty Oil Company (later purchased by Texaco, which in turn was acquired by Chevron) agreed to buy a majority stake in the network.
In 1984, ABC made a deal with Getty Oil to acquire ESPN. ABC retained an 80% share, and sold 20% to Nabisco. The Nabisco shares were later sold to Hearst Corporation, which still holds a 20% stake today. In 1986, ABC was purchased for $3.5 billion by Capital Cities Communications. In 1996, The Walt Disney Company purchased Capital Cities/ABC for $19 billion and picked up an 80% stake in ESPN at that time. According to an analysis published by Barron's magazine in February 2008, ESPN "is probably worth more than 40% of Disney's entire value... based on prevailing cash-flow multiples in the industry."
Although ESPN has been operated as a Disney subsidiary since 1996, it is still technically a joint venture between Disney and Hearst.
a while.