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. Bermingham the two men met at least twice at the White House. Bermingham was a member of the financial committee of the Republican National Committee and instrumental in Eisenhower's nomination. In retirement he raised cattle on his Wyoming ranch. At the time of Birmingham's death he was a trustee of the Eisenhower Foundation in Abilene, Kansas. Edward J. Bermingham Edward J. Bermingham (1887–1958) was a prominent investment banker and correspondent of Dwight D. Eisenhower. Bermingham worked for Lehman Brothers and Dillon, Read and Company, and was a trustee of Columbia University. Bermingham was a member of Columbia University's graduating class of