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 Savers as a "summer candy" that could withstand heat better than chocolate. Since the mints looked like miniature life preservers, he called them Life Savers. After registering the trademark, Noble bought the rights to the peppermint candy for $2,900. Instead of using cardboard rolls, which were not very successful, he created tin-foil wrappers to keep the mints fresh. Pep-O-Mint was the first Life Savers flavor. Noble was the first chairman of the Civil Aeronautics Authority. He also served as Undersecretary of Commerce under President Franklin D. Roosevelt, 1939-1940. Following the Federal Communications Commission's order that RCA divest itself of one