The Walt Disney Company, founded in 1923 in Burbank, California, is a diversified worldwide entertainment company with operations in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive. The Media Networks group includes cable and broadcast television networks, production operations, distribution, domestic television stations, including ESPN, The Disney Channel, and ABC, and radio networks and stations. Disney has many strengths in its operations. It is considered to be a very diversified business. Based off of an article by ValueLine, Disney has grown from a small producer of animation series in the 1920s to one of the largest media and entertainment conglomerate in the world. The company has been benefiting from its investments in Parks and Resorts group, which reported a 7% rise in revenues in fiscal 2015, driven by significant price increases at many of its properties. Disney has some strong financial strengths as well. Disney has a very strong balance sheet and generates robust cash flows. As of April 2, 2016, the company had roughly $5 billion of cash on hand, and total debt was around 30% of capital. Disney has a Financial Strength rating of A++ in the most recent Value Line Investment Survey. All of these factors have allowed it to be able to consistently make acquisitions and pay a decent dividend. It has also provided the company with the ability to expand its presence throughout the world over the