ABC Records American Broadcasting Company (ABC). It evolved from federal antitrust actions taken against the movie studios and broadcasting companies in the 1940s and early 1950s. In 1943 the Federal Communications Commission took action against anti-competitive practices, one of which forced the Radio Corporation of America (RCA) to sell the Blue Network, the sister network of NBC Red Network. Blue was purchased by the businessman Edward J. Noble, and he changed its name to the American Broadcasting Company in 1946. In 1953 ABC merged with United Paramount Theatres, the divested former exhibition/cinema division of Paramount Pictures. The newly merged corporation was chaired
Edward J. Powers Edward J. Powers Edward J. Powers was an American business executive who served as president and general manager of the Boston Garden. Powers was born in Haverhill, Massachusetts. He graduated from the Bentley School of Accounting and Finance and the Northeastern University School of Business. Prior to working for the Boston Garden, Powers was a junior accountant for a Boston tool company. After spending months lobbying Boston Garden treasurer George Clare for a job, Powers was hired as an accounting clerk in January 1929. He moved up the ranks to the positions of vice president-assistant treasurer and then vice president-treasurer.