In 1982, the company sold the Boston Herald American (the result of the 1972 merger of Hearst's Record-American & Advertiser with the Herald-Traveler), to Rupert Murdoch's News Corporation, which promptly renamed the paper as The Boston Herald, competing to this day with the Boston Globe).
On November 8, 1990, Hearst Corporation acquired the remaining 20% stake of ESPN, Inc. from RJR Nabisco for a price estimated between $165 million and $175 million [REF].