Capital Cities bought ABC, with its 230 affiliated stations, for $3.4 billion in 1986. Also owns: 8 TV stations; 9 dailies, 74 weeklies (Kansas City Star); radio networks with 3,000 affiliated stations; 21 radio stations; a cable programming company; some 60 publications (Women’s Wear Daily, Compute!, Modern Photography). The largest shareholder is Omaha investor Warren Buffett.
Laurence Tisch, owner of Loews Hotel chain (and active in pro-Israel fundraising), bought a controlling share in 1986. Henry Kissinger is a CBS board member. Also owns: 7 TV stations; 21 radio stations; two radio networks.