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American Broadcasting-Paramount Theatres, Inc. (originally United Paramount Theatres, later the American Broadcasting Companies and ABC Television) was the post-merger parent company of the American Broadcasting Company and United Paramount Theatres.
It became an independent radio (and eventually television) network known as the American Broadcasting Company (ABC) in 1943. ABC later joined United Paramount Theatres forming American Broadcasting-Paramount Theatres (later American Broadcasting Companies, Inc.).
The merged company, renamed American Broadcasting-Paramount Theatres, Inc. and headquartered in the Paramount Building at 1501 Broadway in Manhattan, owned six AM and several FM radio stations, five television stations and 644 cinemas in 300 U.S. cities.
American Broadcasting-Paramount Theatres was formed, and the head of the company Leonard Goldenson symbolized the new kind of media mogul that emerged as the Hollywood studio system was being swept away by industry change.
Feb 9, 2015 · On February 9, 1953, the FCC authorized UPT’s purchase of ABC in exchange for $25 million in shares, and the company was renamed American Broadcasting-Paramount Theaters, Inc.
4 days ago · American Broadcasting Company (ABC), major American television network that is a division of the Disney Company. Its headquarters are in New York City.
After merging with United Paramount Theaters in 1953, ABC expanded into the emerging television industry and soon became one of the three top networks. It specialized in sports broadcasting and developed the instant replay in 1961.
