Definitely agree that ABC will host election coverage, and that Nate will appear on the network!
But did want to mention that ESPN is 80% owned by The Walt Disney Company (which also owns ABC)... and 20% owned by Hearst.
Here's the history of ESPN's ownership, from Wikipedia: "In 1984, ABC made a deal with Getty Oil to acquire ESPN. ABC retained an 80% share, and sold 20% to Nabisco. The Nabisco shares were later sold to Hearst Corporation, which still holds a 20% stake today. In 1986, ABC was purchased for $3.5 billion by Capital Cities Communications. In 1996, The Walt Disney Company purchased Capital Cities/ABC for $19 billion and picked up the 80% stake in ESPN at that time."
http://en.wikipedia.org/wiki/History_of_ESPN
I've met with Hearst a few times, and their executives love to mention their 20% stake in ESPN!