The merged company was named American Broadcasting-Paramount Theatres (AB-PT). No general theater division similar to the ABC division was set up as AB-PT corporate would handle overall theater planning and development. Having only full ownership of 449 theaters at the time of the consent agreement and all joint ownership interest were to be ended. By March 1957, AB-PT's 5 theater circuits had sold off more theaters than ordered. In June, AB-PT decided to sell an additional 90 locations due to decline revenue.