American Broadcasting Company

Morning Session - 2024 Meeting

“He surpassed all these people like CBS and ABC that all them had the world by the tail”

Morning Session - 2009 Meeting

“And ABC has a program coming up with a number of well-known personalities in it that will deal with the question of financial literacy.”

Morning Session - 2008 Meeting

“I saw things in 2002 in the junk bond field. I saw things in the equity markets. If you could have bought Cap Cities with Tom Murphy running it in the early, in 1974”

2004 Berkshire Hathaway Shareholder Letter

“Thirty years ago Tom Murphy, then CEO of Cap Cities, drove this point home to me with a hypothetical tale”

Morning Session - 1997 Meeting

“he was formerly on the board of Cap Cities before he took his job with the Fed and Cap Cities ABC”

Morning Session - 1997 Meeting

“does the recent decline in ABC's Nielsen ratings have anything to do with the bottom line?”

1995 Berkshire Hathaway Shareholder Letter

“we exchanged our Cap Cities shares for a combination of cash and Disney stock.”

1995 Berkshire Hathaway Shareholder Letter

“to meet Tom Murphy, CEO of Cap Cities/ABC, for a golf game.”

Morning Session - 1995 Meeting

“only deal we've had with a company that had to be approved by the shareholders was when we bought the Cap Cities ABC stock well we bought early in 1986”

Morning Session - 1995 Meeting

“we have Kay Graham for the Post and Tom Murphy from Cap Cities... those three were sitting together... if those three combined, we have about six and a half billion of profit”

1994 Berkshire Hathaway Shareholder Letter

“Capital Cities/ABC, Inc. ...... 13.0% 13.0% 85 83(2)”

1994 Berkshire Hathaway Shareholder Letter

“Capital Cities/ABC, Inc. ........... 345,000 1,705,000”

1994 Berkshire Hathaway Shareholder Letter

“Dan Burke of Capital Cities/ABC and Carl Reichardt of Wells Fargo. Dan and Carl encountered very tough industry conditions in recent years. But their skill as managers allowed the businesses they ran ”

Morning Session - 1994 Meeting

“we did participate in the Cap Cities, tender offer...We still are by far the largest shareholder of Cap Cities. We think it's a superbly run operation”

USC Lecture: A Lesson on Elementary, Worldly Wisdom (1994)

“Berkshire Hathaway - are the largest shareholder in Capital Cities/ABC. And we had trade publications there that got murdered”

1993 Berkshire Hathaway Shareholder Letter

“in 1986 we bought three million shares of Capital Cities/ABC for $172.50 per share and late last year sold one-third of that holding for $630 per share”

1993 Berkshire Hathaway Shareholder Letter

“Capital Cities/ABC, Inc. ............. $ 345,000 $1,239,000”

1992 Berkshire Hathaway Shareholder Letter

“3,000,000 Capital Cities/ABC, Inc. ............. $ 517,500 $1,523,500”

1991 Berkshire Hathaway Shareholder Letter

“Capital Cities/ABC Inc. ........ 18.1% 17.9% $ 61 $ 85”

1991 Berkshire Hathaway Shareholder Letter

“shareholdings in The Washington Post Company and Capital Cities/ABC - and the intrinsic value of this investment has declined materially”

1991 Berkshire Hathaway Shareholder Letter

“large, but not controlling, blocks of stock comparable to those we hold in Capital Cities, Salomon, Gillette, USAir, Champion, and American Express”

1991 Berkshire Hathaway Shareholder Letter

“3,000,000 Capital Cities/ABC, Inc. ............ $ 517,500 $1,300,500”

1989 Berkshire Hathaway Shareholder Letter

“3,000,000 Capital Cities/ABC, Inc. ................ $ 517,500 $1,692,375”

1988 Berkshire Hathaway Shareholder Letter

“industry conditions for Capital Cities/ABC, Inc., GEICO Corporation, and The Washington Post Company - Berkshire's three permanent investments”

1988 Berkshire Hathaway Shareholder Letter

“Capital Cities/ABC, Inc. - permanent holdings remain unchanged. Also unchanged is our unqualified admiration of their managements”

1987 Berkshire Hathaway Shareholder Letter

“3,000,000 Capital Cities/ABC, Inc. ........... $517,500 $1,035,000”

1986 Berkshire Hathaway Shareholder Letter

“our major investees, GEICO and Capital Cities/ABC, Inc. - are employed in an unproductive manner”

1986 Berkshire Hathaway Shareholder Letter

“2,990,000 Capital Cities/ABC, Inc. ....... $515,775 $ 801,694”

1986 Berkshire Hathaway Shareholder Letter

“we expect to keep permanently our three primary holdings, Capital Cities/ABC, Inc., GEICO Corporation, and The Washington Post”

Warren Buffett's First National Television Appearance - PBS (1985)

“he emerged as the key figure in the takeover of ABC by Capital Cities. Warren will be the largest shareholder”

1985 Berkshire Hathaway Shareholder Letter

“our purchase of a major position in Capital Cities/ABC”

1985 Berkshire Hathaway Shareholder Letter

“900,800 American Broadcasting Companies, Inc. 54,435 108,997”

1985 Berkshire Hathaway Shareholder Letter

“Berkshire purchased 3 million shares of Capital Cities/ABC, Inc. at $172.50 per share... I think it is the best of any publicly-owned company in the country”

1985 Berkshire Hathaway Shareholder Letter

“For Cap Cities, ABC is a major undertaking whose economics are likely to be unexciting over the next few years.”

1985 Berkshire Hathaway Shareholder Letter

“negotiated purchase of large, but not controlling, blocks of stock, as in our Cap Cities purchase”

1984 Berkshire Hathaway Shareholder Letter

“740,400 American Broadcasting Companies, Inc. 44,416 46,738”

1984 Berkshire Hathaway Shareholder Letter

“Our purchase is contingent upon the acquisition of American Broadcasting Companies, Inc. by Capital Cities, and will close when that transaction closes.”

Blue Chip Stamps Annual Letter 1982

“we received cash from American Brands early in 1983 for our entire Pinkerton's holding.”

1979 Berkshire Hathaway Shareholder Letter

“246,450 American Broadcasting Companies, Inc. ... 6,082 9,673”

1978 Berkshire Hathaway Shareholder Letter

“246,450 American Broadcasting Companies, Inc. ... $ 6,082 $ 8,626”

1977 Berkshire Hathaway Shareholder Letter

“220,000 Capital Cities Communications, Inc. ..... $ 10,909 $ 13,228”