What does ESPN mean in Companies & Firms?

ESPN

ESPN (originally an initialism for Entertainment and Sports Programming Network) is an American international basic cable sports channel owned by ESPN Inc., owned jointly by The Walt Disney Company (80%) and Hearst Communications (20%). The company was founded in 1979 by Bill Rasmussen along with his son Scott Rasmussen and Ed Eagan. ESPN broadcasts primarily from studio facilities located in Bristol, Connecticut. The network also operates offices and auxiliary studios in Miami, New York City, Las Vegas, Seattle, Charlotte, Washington, D.C., and Los Angeles. James Pitaro currently serves as chairman of ESPN, a position he has held since March 5, 2018, following the resignation of John Skipper on December 18, 2017. While ESPN is one of the most successful sports networks, there has been criticism of ESPN. This includes accusations of biased coverage, conflict of interest, and controversies with individual broadcasters and analysts. As of November 2021, ESPN reaches approximately 76 million television households in the United States—a drop of 24% from nearly a decade ago.In addition to the flagship channel and its seven related channels in the United States, ESPN broadcasts in more than 200 countries. It operates regional channels in Africa, Australia, Latin America, the Netherlands, and the United Kingdom. In Canada, it owns a 20% interest in The Sports Network (TSN) and its five sister networks.

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