Tom Murphy was head of Capital Cities Communications in 1985 when they bought ABC. It was described at the time as David buying Golliath:
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It was the first of a series of deals that changed the ownership of America's major networks.
Thomas S. Murphy, Broadcasting ‘Minnow’ Who Swallowed ABC, Dies at 96
As the head of Capital Cities Communications, he engineered the acquisition of the TV giant. He later sold the company to Disney, at a huge profit.
It was the first of a series of deals that changed the ownership of America's major networks.