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
Capitol Broadcasting Company Capitol Broadcasting Company The Capitol Broadcasting Company (CBC) is an American media company based in Raleigh, North Carolina. 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. A.J. Fletcher founded the Capitol Broadcasting Company in 1937, when he founded Raleigh radio station WRAL (1240 AM, now WPJL). WRAL radio began transmission two years later in 1939, using a 250 watt transmitter, becoming Raleigh's second radio station (after WPTF). In 1942, Capitol created the Tobacco Radio Network, a farm news radio service which was