Word: espn
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Dates: during 1980-1989
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...buys ESPN cable service
...that, ABC last week plunged into the coaxial morass again with its biggest cable venture ever. The company paid $202 million for the U.S.'s most popular cable service, the Entertainment and Sports Programming Network, a 24-hour channel with 30 million subscribers. ABC already owned 15% of ESPN, and will buy the remainder from Texaco, which is conducting a garage sale of unwanted properties obtained when it bought Getty...
...Connecticut-based ESPN ranks among the cable channels most likely to succeed. The network offers round-the-clock sports, ranging from college basketball to Australian football. On weekday mornings, ESPN supplies two hours of financial news on its popular Business Times program. Despite an unanticipated loss of more than $80 million since its start five years ago, the channel is expected to break even by the first quarter of 1985. Last year advertising sales, the bulk of ESPN's revenue, jumped 60%, to $40 million...
...firm in 1979 had acquired an interest in the money-losing Entertainment and Sports Programming Network (ESPN) and in 1980 had purchased the Kansas-based ERC insurance group...
...televised live at 6 a.m. and repeated at 7 a.m., is aimed at such early-rising businessmen as commuters and traveling executives. Crimmins hopes they will turn on their TV just as they would a radio while they get ready for work. The show will be carried on ESPN, the 24-hour cable sports network that now reaches 23 million homes. To keep some of its nonexecutive viewers happy, the program will also include a sports segment...