Capitol owns three television stations and nine radio stations in the Raleigh-Durham and Wilmington areas of North Carolina and the Durham Bulls minor league baseball team.
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However the effect changed when the new team would absorb the Durham Bulls name and the Bulls' Carolina League history because the Bulls starred in the film Bull Durham and also the Triple-A expansion team was awarded to the Bulls' owners the Capitol Broadcasting Company in which automatically the new team would be operated by the Bulls' operating entity Durham Bulls Baseball Club, Inc. which operated the Bulls in the Carolina League.