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The '''Walt Disney Company''' was founded by brothers Walt and Roy Disney on October 16, 1923 as a small animation studio and grew into an empire. After Walt's death in 1966, the company became increasingly detached from his original vision.
The Walt Disney Company has four major business divisions which are : Studio Entertainment, Parks and Resorts, Consumer Products, and Media Networks.
Disney's Media Networks division "encompasses a vast array of properties on the television, cable, radio and Internet landscape. The ABC Television Network includes ABC Entertainment, ABC Daytime, ABC News, ABC Sports, ABC Kids and the Disney-owned production company Touchstone Television. ABC Owned Television Stations operates 10 stations in top markets across the country, ABC Radio owns 72 stations nationwide, and the company's expansive radio offerings include Radio Disney, ESPN Radio and ABC News Radio." [http://corporate.disney.go.com/corporate/overview.html#media_networks]