Capital Cities Communications (sometimes referred to as "CapCities") was an American media company best known for its surprise purchase of the much larger American Broadcasting Company in 1985. Its successor is the The Walt Disney Company, which purchased CapCities in 1996.
Capital Cities' origins are traced to 1947, when the Hudson Valley Broadcasting Company received a license for WROW radio in Albany, New York. In October 1953, it opened the A...
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Capital Cities Communications (sometimes referred to as "CapCities") was an American media company best known for its surprise purchase of the much larger American Broadcasting Company in 1985. Its successor is the The Walt Disney Company, which purchased CapCities in 1996.
Capital Cities' origins are traced to 1947, when the Hudson Valley Broadcasting Company received a license for WROW radio in Albany, New York. In October 1953, it opened the Albany-Schenectady-Troy area's second television station, WROW-TV on channel 41. In the winter of 1954, a group of New York City-based investors, led by legendary radio broadcaster and author Lowell Thomas, bought majority control of Hudson Valley Broadcasting.
In 1957, WROW-TV moved from channel 41 to channel 10 and became WCDA. That same year, Hudson Valley Broadcasting merged with Durham Broadcasting Enterprises, the owners of WTVD television in Durham, North Carolina. The new company took the name Capital Cities Television Corporation, as...
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