Capital Cities

Tom Murphy started out managing a tv station after graduating from Harvard Business School. Over the ensuing decades, he would come to run/own the media company Capital Cities, which bought ABC and eventually sold itself to Disney, earning shareholders who hung in there from the start 10,000 times (not a typo!) their original investment. Here is a terrific interview transcript where he talks about what allowed him to be successful: http://www.hbs.edu/entrepreneurs/pdf/tommurphy.pdf