Dan Burke, Capital Cities co-founder, dies at 82

The Associated Press
Posted Oct. 26, 2011, at 7:54 p.m.

NEW YORK — Daniel Burke, a media industry veteran 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.

Burke, along with Tom Murphy, built Capital Cities from a television station in Albany, N.Y., into a company with newspapers, magazines and TV and radio operations.

With Warren Buffett’s backing, Capital Cities Communications bought ABC for $3.5 billion in 1986, in what was then the largest non-oil company merger in corporate history.

After helping merge the two companies, Burke was elevated to CEO, where he remained until he retired in February 1994 on his 65th birthday.

http://bangordailynews.com/2011/10/26/news/nation/dan-burke-capital-cities-co-founder-dies-at-82/ printed on April 24, 2014