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. Barcalo Edward J. Barcalo Edward Joel Barcalo (1870–1963) was an American businessman, noted for founding the Barcalo Manufacturing Company, perhaps best known for the Barcalounger. He was born in Mt. Morris, in the state of New York. Living in Buffalo, New York, Barcolo founded the Barcalo Manufacturing Company in 1896: it originally produced tools, but expanded into the furniture market. By the early 1950s the company had over 550 employees. In 1916, he was serving as the president of the Associated Manufacturers of New York State. Barcalo received U.S. Patent no. 719,685 for the invention of a bed spring. In addition,