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Season 4, Episode 1: ESPN
Acquired
Capital Cities
Capital Cities started with Tom Murphy in 1954 when he was recruited to run a struggling TV station called WTM in Albany, New York after graduating from Harvard Business School. The DNA of Capital Cities was set. They were completely like bottom line driven super lean and they were very decentralized. In the 70s and through sort of the mid 80s, they operated a super calculated strategy of expanding across local TV stations, some newspapers, and in this new cable medium buying some cable stations all across the country.
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