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U.S. stocks rally on ‘Goldilocks’ jobs report as Wall Street’s fear gauge
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U.S. stocks have swung to an upbeat start in May, with Wall Street’s “fear
gauge” easing to its lowest level since the end of March as investor
anxieties t...
35 minutes ago
ESPN is worth $40 billion according to a research report this summer from Wunderlich or barely ten times earnings before interest, taxes, depreciation and amortization of $3.9 billion. Disney as a whole is currently worth $84 billion (Hearst owns a 20% stake in ESPN with Disney owning the rest). The CapCities purchase worked out great for Disney, but only because of the growth of ESPN, as the value of ABC has deteriorated dramatically over the past 15 years. Wunderlich figures that the ABC Network is worth $1.7 billion, or just 4% of ESPN’s value, and the ABC Station Group another $2.6 billion.
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