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Capital Cities/ABC Inc., was an American media company. It was founded in 1985 when Capital Cities Communications purchased the much larger American Broadcasting
acquired Capital Cities/ABC Inc., and initially re-branded the holding media conglomerate as ABC Group. The assets acquired at the time included ABC Television
chair and chief executive officer of Capital Cities / ABC, Inc. until 1996. Together with fellow Capital Cities executive Daniel Burke, Murphy engineered
entertainment industry, as Capital Cities was some 4 times smaller than ABC was at the time. To finance the purchase, Capital Cities borrowed $2.1 billion
the much larger American Broadcasting Company in 1985 and became Capital Cities/ABC Inc (See American Broadcasting Company). Its successor is Walt Disney