Claim: The Diamond Head Classic college basketball tournament is owned and operated by ESPN, an American multinational basic cable sports channel owned by ESPN Inc. and owned jointly by The Walt Disney Company (80%) and Hearst Communications (20%).
Evidence: The Diamond Head Classic is a three-day invitational college basketball tournament held at the Stan Sheriff Center in Honolulu, Hawaii on the campus of the University of Hawaii-Manoa. The tournament is ESPN-owned and operated. ESPN (originally an initialism for Entertainment and Sports Programming Network) is an American multinational basic cable sports channel owned by ESPN Inc., owned jointly by The Walt Disney Company (80%) and Hearst Communications (20%).