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. Noble 1958, after several months of illness. In 1943, Noble bought the St. Catherines Island on the coast of Georgia; in 1968, ten years after his death, the island was transferred to the Edward J. Noble Foundation. The island is now owned by the St. Catherines Island Foundation, and the island's interior is operated for charitable, scientific, literary, and educational purposes. The foundation aims to promote conservation of natural resources, the survival of endangered species, and the preservation of historic sites, and to expand human knowledge in the fields of ecology, botany, zoology, natural history, archaeology, and other scientific and educational