Summary Box: Capital Cities co-founder dies at 82

0
9

MEDIA INDUSTRY VETERAN: Daniel Burke, who helped create Capital Cities/ABC Inc. before it was sold to The Walt Disney Co., has died of complications from diabetes. He was 82.

HIS ROLE: Burke helped build Capital Cities from a television station in Albany, N.Y., into a company with newspapers, magazines and TV and radio operations. Capital Cities bought ABC for $3.5 billion in 1986. After helping merge the two companies, Burke was elevated to CEO, where he remained until he retired in February 1994 on his 65th birthday.

IN SPORTS: Two years before he retired, Burke bought the minor league baseball franchise, the Sea Dogs of Portland, Maine, with the aim of providing family entertainment in the state where he spent his summers.