Disney does own ABC / Capitol Cities. I just saw Eisner speak and Disney considers ESPN a key brand. Disney does not consider ABC a key brand. So in some sense ABC may be the first of the bigs to suffer complete dhimminitude. I mean it has to be humbing. One day you have your own skyscraper across the street from your older rival, CBS. You are profitable concern, more or less. You are TV! You have revolutionized Sports and News coverage. Then, from out of nowhere a bunch of Radio hicks buy the shop out from under you. They are all about money and don't give a hoot about Edward R. Murrow. Then, before the paper on the junk bonds has cooled you've been sold to Disney! Disney!! The cartoon company. You are now officially a Mickey Mouse News Organization. But that's ancient history. ABC is viewed by Disney as a moderately profitable segment, but not part of the lore, the core, the stuff Walt invented. Disney begins with Mickey Mouse, ABC is just a little something they picked up along the way.