Hearst Communications often referred to simply as Hearst, is an American mass media and business information conglomerate based in New York City, New York. Hearst owns a wide variety of newspapers, magazines, television channels, and television stations, including the San Francisco Chronicle, the Houston Chronicle, Cosmopolitan, Esquire, 50% of broadcasting firm A&E Networks, and 20% of the sports broadcaster ESPN—the last two both co-owned with The Walt Disney Company. Despite being better known for the above media holdings, Hearst makes most of its profits in the business information section, where it owns companies including Fitch Ratings, First Databank, and others. Hearst Communications is based in the Hearst Tower in Midtown Manhattan, New York City. The company was founded by William Randolph Hearst as an owner of newspapers, and the Hearst family remains involved in its ownership and management.