ABC News is a brand of Disney Advertising.

Manufacturing Consent has this to say about Disney news media:

Ben Bagdikian notes that when the first edition of his Media Monopoly was published in 1983, fifty giant firms dominated almost every mass medium; but just seven years later, in 1990, only twenty-three firms occupied the same commanding position.

Since 1990, a wave of massive deals and rapid globalization have left the media industries further centralized in nine transnational conglomerates-Disney, AOL Time Warner, Viacom (owner of CBS), News Corporation, Bertelsmann, General Electric (owner of NBC), Sony, AT&T-Liberty Media, and Vivendi Universal. These giants own all the world’s major film studios, TV networks, and music companies, and a sizable fraction of the most important cable channels, cable systems, magazines, major-market TV stations, and book publishers. The largest, the recently merged AOL Time Warner, has integrated the leading Internet portal into the traditional media system. Another fifteen firms round out the system, meaning that two dozen firms control nearly the entirety of media experienced by most U.S. citizens. Bagdikian concludes that “it is the overwhelming collective power of these firms, with their corporate interlocks and unified cultural and political values, that raises troubling questions about the individual’s role in the American democracy.”