Thomas “Tom” Murphy, HBS 1949, joined a small television station in upstate New York after graduating from HBS. Over several decades, and as a result of many brilliantly crafted deals, he gradually built the telecommunications empire Capital Cities. In 1985, Tom engineered the purchase of ABC with the backing of his longtime friend Warren Buffett, and the company became Cap Cities/ABC. Ten years later, Tom sold Cap Cities/ABC to Disney for about $19 billion. He talked about his prolific career in an interview from his Manhattan office at ABC in December 2000. Interviewer: Amy Blitz, HBS Director of Media Development for Entrepreneurial Management.
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