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Wall Street sees September rate cut as sure thing — CPI inflation data will
have much to say about what comes next
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Stock-market bulls are counting on Federal Reserve rate cuts. Inflation
data still has a lot to say about what policymakers can deliver.
2 hours 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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