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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.
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 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.
In 1996, most of Capital Cities/ABC's assets were purchased by The Walt Disney Company.
However, a problem emerged regarding the directions taken by ABC and UPT.
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.
To ensure a space, in 1947, ABC submitted five applications for television station licenses, one for each market where it owned and operated a radio station (New York City, Los Angeles, Chicago, San Francisco and Detroit). The first program ever broadcast on the network was On the Corner, featuring satirist Henry Morgan.
These applications all requested for the stations to broadcast on VHF channel 7, as Frank Marx, then ABC's vice-president of engineering, thought that the low-band VHF frequencies (corresponding to channels 2 through 6) would be requisitioned from broadcasting use and reallocated for the U. Other stations carrying the initial broadcast were WMAR-TV in Baltimore, WMAL-TV in Washington, D. and WABD, the Du Mont station in New York City, since ABC's New York station had yet to sign on.
The American Broadcasting Company (ABC) is an American commercial broadcast television network that is a flagship property of Disney–ABC Television Group, a subsidiary of the Disney Media Networks division of The Walt Disney Company.
The network is headquartered on Columbus Avenue and West 66th Street in Manhattan, New York City.