Craig Karmazin Inks Sales Accord With ESPN Audio

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In December 2021, Craig Karmazin-led Good Karma Brands agreed to pay $15 million to The Walt Disney Company for the broadcast home of ESPN Radio in Los Angeles and Chicago, in addition to purchasing WEPN-AM in New York and acquiring Disney’s LMA agreement with Emmis that has allowed WEPN to simulcast on 98.7 MHz in N.Y.


With cost-cutting across the entire ESPN arm of Disney and “Haunted Mansion” shaping up to be a box office bomb tied to former CEO Bob Chapek, another evolution for ESPN Audio has taken shape. And, it gives GKB an even greater role in a sports radio operation integral to its entire business.

 

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