This Day In Market History: Capital Cities Buys ABC
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 1985, Capital Cities Communications bought American Broadcast Companies (ABC) for $3.5 billion.
Where The Market Was: The Dow finished the day at 1271.09. The S&P 500 finished at 179.54.
