Word: gocart
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Dates: during 2000-2009
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With estimated annual profits of $1 billion and a market value of $15 billion to $20 billion, ESPN, launched in 1979 with a lineup that included Australian Rules Football and gocart racing, became Disney's go-to asset as its theme parks and ABC faltered. Comcast Cable president Stephen Burke leaves no doubt that acquiring ESPN is a prime motivation for his bid. "Warren Buffett has said he likes businesses that are like a castle with a big moat around it," says Burke. "ESPN is a great castle with a very big moat." ESPN's Sunday Night Football...