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In the 1980s, after purchasing an 80% interest in cable sports channel ESPN, the network's corporate parent, American Broadcasting Companies, Inc., merged with Capital Cities Communications, owner of several print publications, and television and radio stations.
ABC News provides news and features content for select radio stations owned by Citadel Broadcasting, which purchased the ABC Radio properties in 2007.
Paley; however, a merger with CBS would have forced that network to sell its New York City and Los Angeles stations at the very least.
However, the transaction had to be approved by the FCC because of the presence of television networks and the recent separation between Paramount and UPT.
The NBC Blue Network was created in 1927 for the primary purpose of testing new programs on markets of lesser importance than those served by NBC Red, which served the major cities, In 1934, Mutual filed a complaint with the Federal Communications Commission (FCC) regarding its difficulties in establishing new stations, in a radio market that was already being saturated by NBC and CBS.
At that time, the NBC Red Network was the principal radio network in the United States and, according to the FCC, RCA was using NBC Blue to eliminate any hint of competition.
At the same time he made attempts to help grow ABC, Goldenson had been trying since mid-1953 to provide content for the network by contacting his old acquaintances in Hollywood, with whom he had worked when UPT was a subsidiary of Paramount Pictures.
the latter of which had previously been more connected to radio.
Insofar as Paramount Pictures was already a shareholder in the Du Mont Television Network, the FCC conducted a series of hearings to ensure whether Paramount was truly separated from United Paramount Theatres, and whether it was violating antitrust laws.
In 1952, when the release of the FCC's Sixth Report and Order announced the end of its freeze on new station license applications, among the issues the Commission was slated to address was whether to approve the UPT-ABC merger.
In the mid-1950s, ABC merged with United Paramount Theatres, a chain of movie theaters that formerly operated as a subsidiary of Paramount Pictures.
Leonard Goldenson, who had been the head of UPT, made the new television network profitable by helping develop and greenlight many successful series.
The fifth-oldest major broadcasting network in the world and the youngest of the Big Three television networks, ABC is often nicknamed as "The Alphabet Network", as its initialism also represents the first three letters of the English alphabet, in order.