ESPN (originally an initialism for Entertainment and Sports Programming Network) is a U.S.-based global cable and satellite television channel owned by ESPN Inc., a joint venture between The Walt Disney Company (which operates the network) and the Hearst Corporation (which owns a 20% minority share).
ESPN broadcasts primarily from studio facilities located in Bristol, Connecticut. The network also operates offices in Miami, New York City, Seattle, Charlotte, and Los Angeles. John Skipper currently serves as president of ESPN, a position he has held since January 1, 2012. While ESPN is one of the most successful sports networks, there has been much criticism of ESPN, which includes accusations of biased coverage, conflict of interest, and controversies with individual broadcasters and analysts.
ESPN headquarters in Bristol, Connecticut
As of February 2015, ESPN is available to approximately 94,396,000 paid television households (81.1% of households with at least one television set) in the United States.[2] In addition to the flagship channel and its seven related channels in the United States, ESPN broadcasts in more than 200 countries, operating regional channels in Australia, Brazil, Latin America and the United Kingdom, and owning a 20% interest in The Sports Network (TSN) as well as its five sister networks and NHL Network in Canada.
Bill Rasmussen conceived the concept of ESPN in late May 1978, after he was fired from his job with the World Hockey Association's New England Whalers. One of the first steps in Bill and his son Scott's (who had also been let go by the Whalers) process was finding land to build the channel's broadcasting facilities. The Rasmussens first rented office space in Plainville, Connecticut. However, the plan to base ESPN there was put on hold because a local ordinance prohibiting buildings from having satellite dishes installed on them. Available land area was quickly found in Bristol, Connecticut (where the channel remains headquartered to this day), with funding to buy the property provided by Getty Oil, which purchased 85% of the company from Bill Rasmussen on February 22, 1979, in an attempt to diversify the company's holdings. This helped the credibility of the fledgling company, however there were still many doubters to the viability of their sports channel concept. Another event that helped build ESPN's credibility was securing an advertising agreement with Anheuser-Busch in the spring of 1979; the company invested $1 million to be the "exclusive beer advertised on the network.
