Task: Text Simplification
Input (English): ESPN ( originally an initialism for Entertainment and Sports Programming Network ) is a U.S.-based pay television sports channel owned by ESPN Inc . , owned jointly by The Walt Disney Company ( 80 % ) and Hearst Communications ( 20 % ) .
Output (English): ESPN is an American sports television network owned by ESPN , Inc . , a joint venture between The Walt Disney Company which owns 80 % and Hearst Corporation which owns 20 % .