Universal Studios, Inc. , later known as Vivendi Universal Entertainment , was an American media and entertainment conglomerate. As a result of the 2004 merger with NBC , it became NBCUniversal .
120-558: [REDACTED] This disambiguation page is currently linked from a large number of articles . Please help direct these ambiguous links to articles dealing with the specific meaning intended. ( November 2024 ) ( Learn how and when to remove this message ) Universal Studios may refer to: Universal Studios, Inc. , an American media and entertainment conglomerate Universal Pictures , an American film production and distribution company Universal Studios Lot ,
240-597: A 50,000 watt clear-channel station , was purchased from Cleveland Electric Illuminating and the Van Sweringen brothers on October 16, 1930. Chicago station WENR , time-sharing with WLS , was purchased in July 1931 from Samuel Insull for $ 1 million (equivalent to $ 20 million in 2023), a purchase price compared to the then-record set with WEAF in 1926. WENR was paired with Columbia Broadcasting System (CBS) affiliate WMAQ when NBC acquired it from
360-631: A Princeton Tigers – Harvard Crimson college football game over GE's WGY in Schenectady, New York , linked together via the Western Union system. The first attempt at using shortwave for chain broadcasting took place on March 7, 1924, when Westinghouse's KFKX in Hastings, Nebraska —constructed as an experimental repeater for KDKA and supplanting KDPM in Cleveland, Ohio —was part of
480-568: A consent decree with the U.S. Department of Justice resolving antitrust charges; Westinghouse and GE gave up their ownership stakes in the company, while restrictions created through RCA's cross-licensing agreements for nearly 4,000 patents were also removed. A ceremonial broadcast over both NBC networks on November 11, 1933, formally opened the RCA Building's "Radio City" studios, with Sarnoff, Young, NBC president Merlin H. Aylesworth and BBC Director-General John Reith participating in
600-480: A lease agreement . NBC's operations, including WEAF and WJZ, moved to 711 Fifth Avenue in 1927, designed by architect Lloyd Brown. The studios featured elements of Gothic architecture , the Roman Forum and Louis XIV in stark contrast to radio studios of that era; Raymond Hood designed the studios under the belief a well-designed studio could act as an audience for the performers. Due to NBC's rapid growth,
720-643: A merger that April. Decca at the time owned Coral Records and Brunswick Records , and an 89% stake in Universal Pictures Company, Inc. On July 13, 1962, the United States Department of Justice filed suit against MCA, charging that its acquisition of Decca's controlling interest in Universal violated antitrust laws. In order to retain Universal, MCA would have to close its talent agency, which represented most of
840-453: A Los Angeles radio outlet to complement KNBH, NBC sold KOA and KOA-FM in 1952 to a group that included Bob Hope. While initially only carrying NBC programming, WNBT started adding a slate of local shows and soon featured five hours of local programs during the daytime by May 1950. A business built on a few comedians isn't a business worth being in. David Sarnoff, in response to CBS's 1948 "Paley raids" on NBC talent For two decades
960-544: A TV station in New York City , WWOR-TV (renamed from WOR-TV), in 1987, from RKO General subsidiary of GenCorp , which was in the midst of a licensing scandal. In 1982, MCA decided to start out its video game unit, MCA Video Games, led by technicians of the MCA DiscoVision unit. In 1983, MCA Videogames, the video game division of MCA itself and video game developer/publisher Atari Inc. entered into
1080-741: A behind-the-scenes glimpse of film and television production at Universal Studios. This established a footprint of what is now known as Universal Studios Hollywood theme park . Over the next few decades, similar parks were built and expanded under MCA for Universal Orlando Resort in Orlando, Florida and Universal Studios Japan in Osaka . In 1966, MCA formed Uni Records in Hollywood , California , and in 1967, MCA bought New York–based Kapp Records . That same year MCA also acquired guitar maker Danelectro and mall retailer Spencer Gifts . In 1967,
1200-530: A concerted effort began to distinguish NBC Red and NBC Blue. One 1939 story in Time magazine described NBC Blue as "... long considered a weak sister to NBC's Red Network". Most network programs were owned by their sponsors and produced by advertising agencies . For example, Lum and Abner was sponsored by Quaker Oats in 1931 when WMAQ originated the show regionally, became a sustaining program when it debuted over NBC Red in 1932, then sponsored by Ford
1320-527: A continuous, all-weekend programming umbrella featuring a mix of music, news, interviews and features that debuted on June 12, 1955. Monitor boasted a variety of hosts including such well-known television personalities as Dave Garroway , Hugh Downs , Ed McMahon , Joe Garagiola and Gene Rayburn . The potpourri also tried to keep vintage radio alive in featuring segments from Jim and Marian Jordan (in character as Fibber McGee and Molly ), Ethel and Albert and iconoclastic satirist Henry Morgan . Monitor
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#17327730338941440-416: A cultural landmark and the first successful hit program in the medium. In the first of what became several efforts to keep classic radio relevant, NBC sanctioned The Big Show , a 90-minute Sunday night variety program which debuted on November 5, 1950. Hosted by stage actress Tallulah Bankhead , it harked back to radio's earliest musical variety style along with sophisticated comedy and drama. The Big Show
1560-422: A deal made public on July 22, 1926. This sale transferred ownership of WEAF to RCA; included was WEAF's network of 15 stations, plus an agreement by AT&T to make its telephone lines readily available for networking. In a separate deal, WCAP was sold to RCA on July 28, 1926, its broadcast hours ceded to time-share partner WRC three days later. Variety regarded the sale as an economical one for AT&T, as
1680-512: A four-station network involving WJZ, WGY and KDKA, with KGO in San Francisco receiving KFKX's signal. While that experimental relay suffered from "barely distinguishable" audio on KGO's end, a second attempt (also including WRC) on November 15, 1924, was judged a transcontinental success as KGO was better able to pick up KFKX. The "WJZ chain" saw little growth compared to AT&T's efforts. President Coolidge's March 1925 inaugural speech
1800-581: A key division overseeing several entities, including Universal Studios, Universal Pictures , Universal Pictures Home Entertainment , Illumination , DreamWorks Animation , and Focus Features . The CEO of Universal Filmed Entertainment Group is Donna Langley . Universal Studios holds the rights to the film library through its divisions and subsidiaries such as Universal Pictures , Universal Animation Studios , Focus Features , Illumination , and DreamWorks Animation . NBC Radio The National Broadcasting Company 's NBC Radio Network (also known as
1920-709: A larger market, the basic station was WAVE , the supplemental was WGRC —also a primary Mutual affiliate. Concerned that NBC's control of two national radio networks gave it too much power over the industry, in May 1941 the Federal Communications Commission (FCC) promulgated a rule, the Report on Chain Broadcasting , designed to force NBC to divest one of them. RCA fought the divestiture order, but divided NBC into two companies in case an appeal
2040-454: A live transatlantic conversation. "Radio City" occupied ten floors of the RCA Building with thirty-five studios supported by 1,250 miles (2,010 km ) of wiring and 89 miles (143 km) of cables. During much of radio's " Golden Age ", both NBC networks—in particular NBC Red—were home to multiple popular performers and programs. The two networks originally did not have distinct identities or "formats" and, beginning in 1929, shared use of
2160-526: A major drain on company profits. The radio group efforts centered on WJZ , a Newark, New Jersey , station RCA acquired from Westinghouse and moved to New York City on May 14, 1923, the same day WJY launched as a time-share, also owned by RCA and broadcasting from WJZ's Aeolian Hall facilities. RCA then inaugurated WRC in Washington, D.C., as a time-share with WCAP on August 1, 1923; much of RCA's early efforts involved linking WRC and WJZ just as WCAP
2280-592: A movie division. The company began to acquire talent agencies, representing established actors such as James Stewart , Henry Fonda , Bette Davis , Jane Wyman and Ronald Reagan , whom Wasserman became very close with personally. In later decades, Wasserman became a guiding force in Reagan's political ambition by helping Reagan to win the presidency of the Screen Actors Guild (SAG), then election as Governor of California in 1966, and finally President of
2400-415: A nationwide commercial radio network using their Bell System infrastructure. The original plan for the "toll" station was to offer the station for leasing to different operators for fees based on the length of airtime and the specific daypart. Out of the two New York City stations AT&T set up, WEAF emerged as the more successful and served as the key station for AT&T's network development. Although
2520-538: A number of businesses including Univision from 1992 to 2007. Perenchio was well known for his version of the Rules (up to twenty rules), which varied from year to year and had some internal contradictions (In 2006, Perenchio pointed out that while there was a "no nepotism" rule, he was aware his son was on the company's board of directors at the time). In 1939, based on Wasserman's recommendation, MCA's headquarters moved from Chicago to Beverly Hills, California , creating
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#17327730338942640-531: A part of the film company since 1962. UMG was placed under separate management through Vivendi. The resulting company was named NBCUniversal , while Universal Studios Inc. remained the name of the production subsidiary. After that deal, GE owned 80% of NBC Universal; Vivendi held the remaining 20%, with an option to sell its share in 2006. In late 2005, Viacom's Paramount Pictures acquired DreamWorks SKG after acquisition talks between GE and DreamWorks stalled. Universal's long-time chairperson, Stacey Snider, left
2760-659: A partnership to start out Studio Games, a joint venture that would develop video games based on MCA's film and television properties, most notably from then-sister Universal Pictures, and decided that they would give them access to all motion picture and television properties coming from the unit. In 1990, MCA hired Hanna-Barbera executive Jeff Segal in order to start out its MCA Family Entertainment arm (aka Universal Family Entertainment) and had Universal Cartoon Studios as its subsidiary. On November 26, 1990, Japanese multinational conglomerate Matsushita Electric Industrial Co., Ltd. agreed to acquire MCA for US$ 6.59 billion. MCA
2880-543: A period of time, the United Fruit Company ). Organized radio broadcasting started in the early 1920s, with AT&T soon becoming an industry leader. In 1920 and 1921, AT&T concluded a series of patent cross-licensing agreements with the "radio group" companies. The "radio group" began negotiating under that name through a cross-licensing agreement between GE and Westinghouse, agreed to on July 1, 1921. Under these agreements, AT&T asserted that it held
3000-694: A regional network of their own, dubbed the " Orange Network ", notably originating play-by-play of the 1927 Rose Bowl and a live performance of Carmen from the Philharmonic Auditorium on January 23, 1927; the latter broadcast was additionally relayed over CNVR in Vancouver , WAMD in Minneapolis , and WGY. Affiliating the chain with NBC, the Orange Network relayed an address by President Coolidge that jointly aired over
3120-629: A remote link from KYW in Chicago , was coordinated through WEAF, and carried by twenty-two eastern and Midwestern stations, located as far west as WDAF in Kansas City, Missouri . Following NBC's formation, RCA inaugurated a second network on January 1, 1927; called " the 'blue' network ", it was led by WJZ along with Westinghouse's WBZ, KDKA and KYW; with the WEAF-led chain concurrently named "the 'red' network". The debut program, sponsored by
3240-523: A reward for Trammell's loyalty. The "Paley raids" had other consequences for RCA itself: Sarnoff and Paley (who also headed up Columbia Records ) originally agreed to a new phonograph record standard of 33 RPM to replace the long-standing 78 RPM standard. After Jack Benny defected to CBS, Sarnoff rescinded the agreement and began marketing the RCA-developed 45 RPM instead; pressured by record stores and other major labels, RCA eventually agreed to
3360-695: A similar reason in 1942, four years before Banning's book was published. Other possible explanations for the names included push-pins engineers used to mark affiliates of WEAF (red pins) and WJZ (blue pins), the colors of wires used for switchboards , or from jack panel connections. The names were not commonplace as newspapers also referred to "NBC-WEAF" or "NBC-WJZ"; NBC made "NBC Red" and "NBC Blue" official network designations by 1936. As 1927 began, KFI in Los Angeles and KPO in San Francisco were successfully transmitting live programming to
3480-475: A talk show hosted by sex columnist Ruth Westheimer beginning in 1984, which originated at NBC's New York FM station WYNY . NBC Radio's last major programming venture occurred with the November 2, 1981, debut of NBC Talknet , a talk radio program block for the late-evening hours. Headlined by advice host Sally Jessy Raphael and personal finance talker Bruce Williams , NBC Talknet was largely inspired by
3600-524: A weaker network, likely originated the misperception that NBC Blue solely featured sustaining programs (e.g., news, cultural and educational programs which had no sponsor) and NBC Red solely featured commercial fare. As it was, networks had limited control over their schedules as advertisers bought available time periods for programs, regardless of what other sponsors broadcast in other time slots. Networks rented out studio facilities used to produce shows and sold air-time to sponsors. Sustaining programs were
3720-448: A year of Westwood One's takeover, several tenured NBC Radio News staffers resigned, including London bureau chief Fred Kennedy, who told Broadcasting magazine, "what was once a great network and broadcast news operation is becoming an audio wire service... and not even a good audio wire service." Some affiliates also expressed concern over a decline in technical and editorial quality, even as NBC Radio successfully added 90 affiliates since
Universal Studios - Misplaced Pages Continue
3840-480: Is an organizational unit within Universal Studios, a entertainment company and a division of NBCUniversal , which is a division of Comcast Corporation . UFEG functions as a coordinated framework encompassing various subsidiary companies and divisions responsible for the creation, marketing, and distribution of films and audiovisual content. UFEG operates under the umbrella of Universal Studios, serving as
3960-440: Is credited for succeeding in an era where television became the dominant entertainment medium, but after the mid-1960s, local stations with established music formats—especially in larger markets—became increasingly reluctant to run network fare, dropping the program block outright, including flagship WNBC. In turn, the number of sponsors for Monitor began to decline precipitously. Monitor ' s final broadcast took place over
4080-504: Is different from Wikidata All article disambiguation pages All disambiguation pages Universal Studios, Inc. Originally founded in 1924 as Music Corporation of America by Jules C. Stein and William R. Goodheart Jr., the company became a major force in the film industry, and later expanded into television production. MCA published music, booked acts, ran a record company, represented film, television, and radio stars, and eventually produced and sold television programs to
4200-605: The Chicago Daily News on November 1, 1931; like WTAM, WMAQ and WENR-WLS were also clear-channels. KPO was then purchased from Hale Bros. on June 10, 1932, officially pairing it with KGO. The previous October, KPO became one of the lead stations for the NBC Gold Network, a regional chain of stations that also relayed Blue Network programming. WRC was paired with WMAL in 1933 when NBC took over operations of that station from founding owner M. A. Leese via
4320-606: The Commerce Department had legal jurisdiction to reject the deal inasmuch as they could not prevent a store from selling bread or meat. On September 13, 1926, RCA chairman of the board Owen D. Young and president James G. Harbord announced the formation of the National Broadcasting Company, Inc., to begin operations upon RCA's acquisition of WEAF on November 15. A widely placed full-page company advertisement stated that: "The purpose of
4440-491: The Hard Rock Cafe with Paul Shaffer , along with an oldies show hosted by WNBC's Soupy Sales . NBC Radio also acquired the national play-by-play rights for NFL games for both the 1985 and 1986 seasons , outbidding long-standing rights holder CBS Radio. NBC made its final radio station acquisition in 1983 when it bought Boston station WJIB from GE, which was divesting its radio properties. In February 1984,
4560-657: The MCA Records label was established outside the United States and Canada to issue releases by the MCA group of labels. Decca, Kapp, and Uni were merged into MCA Records at Universal City, California in 1971; the three labels maintained their identities for a short time but were soon retired in favor of the MCA label. The first MCA Records release in the US was former Uni artist Elton John 's " Crocodile Rock " in 1972. In 1973,
4680-702: The NBC Red Network from 1927 to 1942) was an American commercial radio network which was in continuous operation from 1926 through 1999. Along with the NBC Blue Network , it was one of the first two nationwide networks established in the United States. Its major competitors were the Columbia Broadcasting System (CBS), founded in 1927, and the Mutual Broadcasting System , founded in 1934. In 1942, NBC
4800-605: The National Carbon Company . Debuting over WEAF in December 1923, the program quickly grew in popularity; unlike most sponsored programs which typically featured music from a dance orchestra, it is credited as the first variety program and the first to utilize scripts and dress rehearsals prior to broadcast. The Eveready Hour ' s installment on November 4, 1924, was notably interspersed with election returns read by WEAF's Graham McNamee and aired over
4920-508: The New York Stock Exchange and was incorporated as MCA Inc. on November 10, 1958. A couple of years later, Alfred Hitchcock gave MCA his rights to Psycho and his television anthology in exchange for 150,000 shares, making him the third largest investor in MCA, and his own boss at Universal. On June 18, 1962, Decca Records shareholders agreed to MCA's buyout offer after the record label had entered into talks about
Universal Studios - Misplaced Pages Continue
5040-873: The Supreme Court declared the trade null and void in June 1965; the KYW call letters were moved back to Philadelphia with Westinghouse while NBC rechristened the Cleveland stations as WKYC-AM-FM-TV, a derivative of KYW. NBC kept ownership of the Cleveland radio stations until 1972, selling them off to Ohio Communications. In 1957, NBC Radio won the rights to broadcast the Major League Baseball All-Star Game and World Series from Mutual, who had held exclusive rights since 1942 and 1939, respectively, for both events . It gave NBC sole control of
5160-571: The Victor Talking Machine Company , was carried on both chains and subsequently alternated between "red" and "blue" on a weekly basis. WEAF historian William Peck Banning suggested the "red" and "blue" names originated from circuit maps drafted in colored pencil by Bell System engineers, which carried over as these circuits began to be used exclusively for radio, thus the former "WEAF chain"—mapped out in red—became "the 'red' network". RCA's Radio Age magazine outlined
5280-432: The "RCA Victor" record label) while Westinghouse received NBC's WTAM-AM-FM and WNBK television in Cleveland (all of which took the KYW call signs). Westinghouse also received $ 3 million in cash compensation. After Westinghouse expressed its unhappiness with the arrangement, the United States Department of Justice took NBC to court in late 1956. In a civil antitrust lawsuit filed against NBC and RCA, Westinghouse claimed
5400-518: The 1989 season . Following the sale, NBC Radio added one long-form program to their lineup—a daily talk/variety show hosted by Steve Allen based from WNEW that debuted in October 1987. Westwood One initially promoted the show as part of the new "Mutual P.M." program service, but it was moved to being under the NBC umbrella prior to launch. Failing to get enough affiliates for the program, Allen ended
5520-427: The 33 RPM standard, but the feud risked creating damage to the record industry as a whole. Many NBC radio stars gravitated to television as it became more popular. Toscanini made ten appearances on NBC-TV simulcast on the radio network between 1948 and 1952. Texaco Star Theater , an umbrella title for various radio variety shows from 1938 to 1949, migrated to NBC-TV in 1948 with Milton Berle as host, becoming both
5640-455: The FCC that NBC's grandfathered status permitting radio-TV combinations in three markets be broken up within 18 months, retaining the five NBC-owned television stations and GE's KCNC-TV . A planned sale of the entire radio unit to Westinghouse Broadcasting at the end of 1986 collapsed, prompting Westwood One , a Culver City, California –based syndicator that acquired Mutual in 1985, to purchase
5760-772: The NBC Radio Network to Westwood One in 1987. Westwood One previously acquired Mutual in 1985 and gradually merged the two together. NBC Radio News, which was also folded into Mutual's news operations, saw most of its functions cease on April 17, 1999, after further consolidation merged both NBC and Mutual directly into CBS's radio news operations. Westwood One and its successor network continued to use "NBC" branding for some of its programming until 2020, partnering with NBC News to operate NBC News Radio from 2003 until 2014, and with NBC Sports for NBC Sports Radio . From 2016 onward, iHeartMedia has handled production and distribution of NBC News Radio. The 1926 formation of
5880-819: The NBC Radio Network, The Source, NBC Talknet and NBC Radio Entertainment, along with leases to the radio network facilities at 1700 Broadway, for $ 50 million (equivalent to $ 134 million in 2023). As part of the deal, a long-term brand licensing deal for the "NBC Radio" name was agreed to, while NBC Radio employees, including in the news division, were transferred to Westwood One. The remaining divisions and assets of RCA, including RCA Records were spun off to various companies, including Bertelsmann and Thomson SA . The seven NBC-owned radio stations, which initially agreed to remain with NBC Radio as affiliates, were all put up for sale and divested to various buyers between 1988 and 1989, including Emmis Communications , Westinghouse and Susquehanna Radio Corporation . WNBC
6000-600: The NBC radio network's roster of stars provided ratings consistently surpassing those of CBS, its main competitor. But in 1948, as the transition from radio to television was beginning, NBC's leadership came under attack due to what became known as the "Paley raids", named after the president of CBS, William S. Paley . After World War II the tax rate for annual incomes above $ 70,000 was 77 percent, while capital gains were taxed at 25 percent. Paley worked out an accounting technique whereby individual performers could set up corporations that allowed their earnings to be taxed at
6120-665: The National Broadcasting Company was a consolidation and reorganization of earlier network radio operations developed by the American Telephone & Telegraph Company (AT&T) beginning in 1922, in addition to more limited efforts conducted by the "radio group" companies, which consisted of the Radio Corporation of America (RCA) and its corporate owners, General Electric (GE) and the Westinghouse Electric & Manufacturing Company (and, for
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#17327730338946240-417: The National Broadcasting Company will be to provide the best program available for broadcasting in the United States. ... It is hoped that arrangements may be made so that every event of national importance may be broadcast widely throughout the United States." As part of a renegotiation of the cross-licensing agreements, NBC was also permitted to accept advertising. The purchase of WEAF and NBC's formation
6360-661: The New York radio stations reverted to WNBC-AM-FM and WRCA-TV became WNBC-TV. In 1962, KRCA became KNBC, while KNBC-AM-FM in San Francisco became KNBR-AM-FM. WNBQ in Chicago became WMAQ-TV in 1964. NBC also purchased WKNB in New Britain, Connecticut , in late 1956, and WJAS and WJAS-FM in Pittsburgh , in 1957. The acquisition of WJAS was to offset KDKA 's defection from the network several years earlier, while WKNB
6480-855: The Red and Blue networks on February 22. The Orange Network formally relaunched as a part of NBC on April 5, 1927, adding KGO and three other stations. NBC eventually utilized the Orange Network to relay Red Network programming to the Pacific states, with the Red Network relaying Orange Network programming for the Eastern Seaboard . At the same time, NBC began acquiring radio stations to extend its reach, beginning with KGO and KOA in Denver, Colorado , from GE in March 1930. Cleveland affiliate WTAM ,
6600-444: The United States in 1980. By the end of the 1930s, MCA had become the largest talent agency in the world, with over 700 clients, including movie stars, recording artists, Broadway actors, radio stars, and directors. The company's aggressive acquisition of clientele in all entertainment sectors earned MCA the nickname of "The Octopus". The company's activities led U.S. Department of Justice agents to investigate not only whether MCA
6720-476: The WEAF chain generated an annual income of $ 500,000, with little hope of turning a profit, "which even an affluent corporation like (AT&T) takes into consideration". While the deal was criticized for granting RCA a monopoly on broadcasting, a charge RCA denied, then- Secretary of Commerce Herbert Hoover declined to publicly comment; Chief Radio Supervisor W. D. Terrell stated that neither he or anyone else in
6840-485: The WEAF chain until "long after midnight". McNamee already had made another first for the "WEAF chain" one month earlier, calling play-by-play of the 1924 World Series over an eight-station hookup. On May 11, 1926, AT&T centralized its radio operations into a new subsidiary known as the Broadcasting Company of America . Although not widely known at the time, this was done in anticipation of selling
6960-495: The age of 23 and rose through the ranks of MCA for more than four decades, with Sonny Werblin as his right-hand man. Wasserman helped create MCA's radio show, Kay Kyser's Kollege of Musical Knowledge , which debuted on NBC Radio that same year. Following that success, Stein installed Wasserman in New York City in 1937, but Wasserman convinced him that Hollywood was the best place for the company's growth. The company
7080-638: The air, will mark the introduction of the National Broadcasting company to the radio public Monday evening", with NBC president Merlin H. Aylesworth characterizing the event as "a four-hour program beginning at 8 p.m., which will live long in their memories as an occasion marking another milestone in the history of radio broadcasting". Carl Schlegel of the Metropolitan Opera opened the inaugural broadcast, which also featured Will Rogers and Mary Garden . This broadcast, which included
7200-592: The band leaders with regular time slots on NBC were Carmen Cavallaro , Nat King Cole , Xavier Cugat , Tommy Dorsey , Eddy Duchin , Benny Goodman , Stan Kenton , Guy Lombardo , Glenn Miller , Leo Reisman , and Paul Whiteman . NBC's radio news service featured regular broadcasts by journalists and commentators, including Morgan Beatty, Alex Dreier , Pauline Frederick , Floyd Gibbons , John Gunther , Richard Harkness , George Hicks , H. V. Kaltenborn , John MacVane , Adela Rogers St. Johns , Dorothy Thompson , Edward Tomlinson, and Hendrik Willem van Loon . From
7320-566: The big events in baseball as they had been exclusively airing both the All Star Game and World Series on television since 1947. NBC ended its radio association with baseball after the 1975 season in order to clear space for its 24-hour "News And Information" service programming, though it continued broadcasting on its television network until 1989 (while splitting coverage with ABC in all but the first year of that period). NBC Radio drastically revamped its programming lineup with Monitor ,
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#17327730338947440-498: The closure of NIS in November 1976 in six months, allowing for affiliates to find alternate programming. While some former NIS affiliates—including WRC and KQV —remained with all-news formats, the NBC-owned FM stations all adopted music formats. In 1979, NBC launched The Source , a secondary network that targeted younger listeners, providing news, short features and music specials to FM rock stations. The Source also featured
7560-466: The company entered the book publishing business with the acquisition of G. P. Putnam's Sons . In 1979, it acquired ABC Records along with its subsidiaries Paramount Records , Impulse! Records , and Dot Records . ABC had acquired the Paramount and Dot labels when it purchased Gulf+Western 's record labels in 1974, then the parent company of Paramount Pictures . From 1983 to 1989, Irving Azoff
7680-583: The company he founded and Wasserman took over as chairman and chief executive officer, while Sidney Sheinberg was appointed president and chief operating officer of MCA. Other executives within MCA were Lawrence R. Barnett, who ran the agency's live acts division during its glory agency years in the 1950s and 1960s, and Ned Tanen , head of Universal Pictures . Tanen was behind Universal hits such as Animal House , and John Hughes 's Sixteen Candles and The Breakfast Club . MCA issued soundtrack albums for most films released by Universal Pictures. In 1975,
7800-685: The company in early 2006 to head up DreamWorks. Snider was replaced by then-Vice chairman Marc Shmuger and Focus Features head David Linde . On October 5, 2009, Marc Shmuger and David Linde were ousted, and their co-chairperson jobs were consolidated under former president of worldwide marketing and distribution Adam Fogelson, becoming the single chairperson. Donna Langley was also upped to co-chairperson. In 2009, Stephanie Sperber founded Universal Partnerships & Licensing within Universal to license consumer products for Universal. GE purchased Vivendi's share in NBCUniversal in 2011. GE sold 51% of
7920-483: The company to cable provider Comcast in 2011. Comcast merged the former GE subsidiary with its own cable-television programming assets, creating the current NBCUniversal. Following Federal Communications Commission (FCC) approval, the Comcast-GE deal was closed on January 29, 2011. In March 2013, Comcast bought the remaining 49% of NBCUniversal for $ 16.7 billion. Universal Filmed Entertainment Group (UFEG)
8040-685: The complex where many physical studios for the production company are located Universal Destinations & Experiences , an American theme park operator Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Universal Studios . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Universal_Studios&oldid=1259594732 " Category : Disambiguation pages Hidden categories: Disambiguation pages with many incoming links from November 2024 Short description
8160-431: The deal, MCA leased the studios back to Universal for $ 2 million a year, plus unlimited access to MCA's clients such as Jimmy Stewart, Rock Hudson , Doris Day and Alfred Hitchcock to make films for Universal. Stein, who by this time was the sole owner of MCA, decided to take the company public by giving 51% of his ownership of MCA to his employees, which included a 20% stake for Wasserman . The company went public on
8280-587: The defections, stating at an annual meeting that "Leadership built over the years on a foundation of solid service cannot be snatched overnight by buying a few high-priced comedians. Leadership is not a laughing matter." In part due to the talent raids, NBC president Niles Trammell—who had been with NBC since 1929 and RCA since 1933—resigned to help establish WCKT in Miami with the Cox and Knight newspaper families. WCKT signed on with an NBC-TV affiliation, ostensibly as
8400-484: The distinctive three-note " NBC chimes ". The WEAF-led Red Network, with a robust affiliate lineup, was seen as carrying more popular, "big budget" sponsored programs in comparison to the WJZ-led Blue Network, which had a smaller lineup of often lower-powered stations. Both networks shared sales executives, off- and on-air staff, and production and studio facilities; it was not until c. 1938 that
8520-540: The emergence of television as the dominant entertainment medium and much of NBC Radio's talent migrating both to CBS and NBC television, the network made multiple investments in programming in hopes of retaining relevance. These included the weekend program umbrella Monitor (1955–1975), the all-news focused NBC News and Information Service (1975–1977) and the talk radio service NBC Talknet , all of which encountered varying degrees of success and failure. Following General Electric 's purchase of RCA in late 1986, GE sold
8640-498: The end of 1962, MCA assumed full ownership of Universal. In 1964, MCA entered the music publishing business when it acquired Lou Levy 's Leeds Music, and formed Universal City Studios the same year in effort to merge under one umbrella both Universal Pictures and its Revue Studios division, which was later reincorporated as Universal Television in 1966. On July 15, 1964, MCA established the Studio Tour , which provided guests
8760-613: The end of 1975, NIS had 57 affiliates, significantly less than the 227 stations which carried either part or all of Monitor when it ceased; additionally, the NBC-owned NIS affiliates all failed to make a profit in 1975, but the network hoped for them to break even in the coming year. As 1976 progressed, however, only 62 affiliates remained with NIS after 18 months, some of which were competing against long-established news-focused stations. Assuming over $ 10 million (equivalent to $ 53.5 million in 2023) in losses, Thayer announced
8880-573: The final Decca pop label release, " Drift Away ", a #5 pop hit by Dobie Gray , was issued. MCA had two failed mergers in 1969. Initially, it planned a merger with Westinghouse Electric Corporation but that collapsed in April, and in July, they announced a proposed merger with the Firestone Tire and Rubber Company , but this too was called off in September. In 1973, Stein stepped down from
9000-534: The following TV stations: WNBW in Washington, D.C. (June 27, 1947), WNBK in Cleveland (October 30, 1948), WNBQ in Chicago (January 9, 1949) and KNBH in Los Angeles (January 16, 1949); all five TV stations contained the letter combination "NB" within their call signs. FM stations built and signed on by NBC included: KOA-FM, WRC-FM (June 1947), WMAQ-FM (October 13, 1948), WTAM-FM (December 6, 1948) and KNBR-FM (October 12, 1949). In hopes of buying
9120-535: The following year (originating from WTAM). Moving to the Mutual Broadcasting System in 1934 and to NBC Blue in 1935, Horlicks became the sponsor. NBC Blue sometimes carried newer and untried programs that, if successful, moved "up" to the Red Network at the behest of the sponsor, these shows included Amos 'n' Andy , Fibber McGee and Molly , Information, Please! , The Bob Hope Show and The Jack Benny Program . This practice of moving popular shows over to NBC Red, coupled with NBC Blue's reputation as
9240-614: The industry's biggest names (a select few handled by Wasserman personally). In reality, MCA's talent agency arm became defunct the day the DOJ filed the suit; dissolving it that October was a mere formality. MCA's now-former agents quickly formed new agencies, many of which are woven into the corporate fabric of today's talent management; Jerry Perenchio 's Chartwell Artists represented Elizabeth Taylor and Muhammad Ali . Former MCA agents Freddie Fields and David Begelman formed Creative Management Associates , another important new agency. By
9360-782: The latter's launch of the TV Land cable network. Viacom had purchased Paramount in 1994, and the contract for USA Network prohibited either of their owners from owning cable channels outside the joint venture. Viacom had owned MTV Networks (the parent of TV Land) since 1985. The suit was settled when Viacom sold MCA its half of the joint venture. TV Land eventually added shows from the MCA/Universal library in 1999. To raise money, Seagram head Edgar Bronfman Jr. sold Universal's television holdings, including cable network USA , to Barry Diller (these same properties would be bought back later at greatly inflated prices). In June 2000, Seagram
9480-817: The main NBC Radio Network had been losing money in recent years, Thayer stressed NIS was not to replace it, nor was the main network threatened with closure. NBC assigned NIS to all but one of their FM stations—WNWS in New York (the former WNBC-FM), WNIS in Chicago (the former WJOI) and KNAI in San Francisco (the former KNBR-FM); WRC in Washington also became an affiliate, while WKYS (the former WRC-FM) assumed WRC's existing Top 40 format. Other major affiliates included WBAL-FM in Baltimore , KHVH in Honolulu , KQV in Pittsburgh and KRUX in Glendale–Phoenix. At
9600-477: The music industry. It became a shareholder in USA Network in 1981, eventually owning 50% of the network (the other half was owned by Paramount). In 1982, its publishing division, G. P. Putnam's Sons, bought Grosset & Dunlap from Filmways . In 1984, MCA bought Walter Lantz Productions and its characters, including Woody Woodpecker . In 1985, MCA bought toy and video game company LJN . It also bought
9720-599: The network outgrew these facilities. RCA agreed to a lease in May 1930 as the lead tenant for 30 Rockefeller Plaza which was still under construction , including a studio complex for NBC and theaters for RCA-owned RKO Radio Pictures . Named the RCA Building in May 1932, the deal was arranged through the Rockefeller Center 's founder and financier, John D. Rockefeller Jr. , along with GE chairman Owen D. Young, David Sarnoff and Raymond Hood. RCA had been spun off as its own fully-independent company in 1932 through
9840-430: The network sold WRC in Washington to Greater Media for $ 3.6 million (equivalent to $ 10.6 million in 2023). On December 11, 1985, GE announced it was acquiring RCA in a $ 6.28 billion deal (equivalent to $ 17.8 billion in 2023). Earlier in the year, RCA entertained merger talks with Universal Pictures parent MCA Inc. while fending off hostile takeover threats. GE requested in paperwork filed with
9960-458: The network threatened to pull their TV affiliation from Westinghouse's Philadelphia and Boston stations, and withhold an affiliation from their Pittsburgh TV property if Westinghouse did not agree to the trade. In August 1964 NBC's license for WRCV radio and television was renewed by the FCC—but only on the condition that the 1956 station swap be reversed. Following nearly a year of appeals by NBC,
10080-672: The network trunk lines. Such stations were usually offered to advertisers on both the Red and Blue Network line-ups. As of early 1939, the Red Network was divided into five geographical regions. The East consisted of 16 basic and 16 supplemental stations; the Midwest had 8 basic and 15 supplemental stations; the South had 7 basic and 30 supplemental stations; Mountain had 2 basic and 9 supplemental stations, and Pacific had 5 basic and 7 supplemental stations. For example, in Louisville, Kentucky,
10200-725: The network's airtime by 1942. The network provided a rich variety of classical concert broadcasts, including performances by the Metropolitan Opera (1931–1940) and the NBC Symphony Orchestra (1937–1954) conducted by Arturo Toscanini . Notable series include the General Motors Concerts (1929–1937) and The Eastman School of Music Symphony (1932–1942). From 1935 to 1950, it presented numerous live remote broadcasts of popular music from ballrooms, hotels, supper clubs and Army camps. Among
10320-506: The network's formation, NBC was a dominant force on the radio landscape. In 1932, out of the 40 clear-channel stations licensed by the Federal Radio Commission (FRC), 28 were affiliated with either NBC network, 13 were affiliated with CBS, and two were independents. By 1939, the Red and Blue networks were competing with CBS and the Mutual Broadcasting System in providing nationwide coverage. NBC advertising rate cards of
10440-555: The new owners dropped the MCA name; the company became Universal Studios, Inc. and MCA's music division, MCA Music Entertainment Group, was renamed Universal Music Group . MCA Records continued to live on as a label within the Universal Music Group. The following year, G. P. Putnam's Sons was sold to the Penguin Group subsidiary of Pearson PLC . In 1996, Universal Studios filed a lawsuit against Viacom over
10560-497: The old Republic Pictures studio lot in Studio City, California . In February 1958, MCA acquired Paramount Pictures ' pre-1950 sound feature film library for $ 10 million, through a newly created MCA subsidiary, EMKA, Ltd. In December 1958, MCA bought the 423-acre (1.71 km ) Universal Studios lot from Universal Pictures for $ 11,250,000 and renamed it, as well as the actual television unit, Revue Studios . As part of
10680-430: The only programs produced by the networks and were used to fill unsold time periods (affiliated stations had the option to "break away" from the network to air a local program during these periods) but the network had the "option" to take back the time period if a network sponsor wanted the time period. Dramatic programs, which comprised only 2 percent of program time on NBC Red in 1926, accounted for 25 percent of
10800-470: The original plan was to build additional stations throughout the United States, the "broadcasting boom" of 1922 resulted in a total of over 500 assorted broadcasting stations by the end of the year, so AT&T only found it necessary to build one additional outlet, WCAP in Washington, D.C. , owned by its Chesapeake & Potomac subsidiary. AT&T's radio network, commonly called the "WEAF chain",
10920-440: The period listed "basic" and "supplemental" affiliated stations. Advertisers were encouraged to buy time for their programs on the full "basic" line-up (plus any "supplemental" stations they wished) but this was open to negotiation. It was not unusual for Red Network advertisers to place shows on Blue Network stations in certain markets (and the other way around). Supplemental stations were generally located in smaller cities away from
11040-507: The radio network, the result of a management decision that the radio operations were incompatible with the company's primary role as the leading U.S. supplier of telephone services. The "radio group" quickly recognized the value of network programming, but was badly handicapped in its attempts to effectively compete. AT&T's assertion that only it could sell radio advertising meant that the radio group stations had to be commercial-free, and thus were financed by their owners, which soon became
11160-613: The show the following March. The Sunday morning religious program The Eternal Light , for years the networks' only non-news program, ended its 45 year run on NBC Radio in 1989. Another NBC–branded program introduced following the Westwood One purchase was the morning newsmagazine First Light , hosted by Dirk Van, which debuted in April 1990. First Light was complimentary to Mutual's existing morning newsmagazine, America in The Morning hosted by Jim Bohannon . Within
11280-451: The significantly lower rate. Instead of NBC responding with a similar package, RCA's president, David Sarnoff, decided that this accounting method was legally and ethically wrong. NBC's performers did not agree, and most of the top stars, including Amos 'n' Andy , Jack Benny , Red Skelton , Edgar Bergen , Burns and Allen , Ed Wynn , Fred Waring , Al Jolson , Groucho Marx and Frank Sinatra moved from NBC to CBS. One notable exception
11400-463: The sole right to sell commercial time on radio stations, which it called "toll broadcasting", although for the next few years the idea of radio advertising remained controversial. AT&T also recognized that its longline telephone network could be used to connect radio stations together to form networks to share programming and costs. In early 1922, AT&T announced the establishment of a "toll" station in New York City and its intention to develop
11520-672: The station's 10,000 watt transmitter from being built, NBC converted W2XWG to commercial operation in 1944 as WEAF-FM . In order to further align the network's radio flagship with the network, on November 1, 1946, WEAF and WEAF-FM changed call signs to WNBC and WNBC-FM, respectively. West Coast flagship KPO followed suit, becoming KNBC on November 23, 1947. Following the lead of WNBT, NBC filed applications for multiple FM and television stations as adjuncts to their radio properties as early as 1943, including for TV outlets in Denver and San Francisco. The network ultimately built and signed on
11640-434: The success of the all-night Larry King Show on Mutual. When Williams was critically injured in a 1982 airplane crash, he resumed his NBC Talknet show four weeks later, conducting it from his hospital room. Williams' show proved to be very successful and ultimately outlived NBC Talknet itself. NBC Radio Entertainment was established in December 1984 to handle the distribution of Jazz with David Sanborn and Live From
11760-710: The three major television networks, especially NBC . Its studios were located in Universal City, California , and its corporate offices were located in New York City . Universal Studios was formed in 1924 by Jules Stein and William R. Goodheart, Jr., as Music Corporation of America , a music booking agency based in Chicago, Illinois . MCA helped pioneer modern practices of touring bands and name acts. Early on, MCA booked such prominent artists as King Oliver and Jelly Roll Morton for clubs and speakeasies run by legendary notorious Chicago mobsters such as Al Capone and others. Lew Wasserman joined MCA in 1936 at
11880-746: The weekend of January 25–26, 1975. From that point onward, the NBC Radio Network's main lineup consisted of hourly newscasts and commentary segments, plus religious programs and Meet the Press on Sundays. Monitor was succeeded with another major programming investment: the NBC News and Information Service (NIS). Conceived by NBC Radio president Jack G. Thayer as a secondary network for local stations wishing to adopt an all-news radio format, NIS supplied up to 55 minutes of news content per hour to stations. Thayer described NIS as "an over-all restyling" of NBC Radio providing "a more contemporary feel". While
12000-456: Was Bob Hope, who not only stayed, but moved to NBC television; by the time of his retirement in 1996, Hope's association with NBC spanned nearly 60 years. As a result of the defections, CBS boasted in 1949 of having sixteen of the twenty top rated programs. The consequences carried over to television, where CBS maintained its newfound dominance for decades. Paley personally worked to woo the performers, while Sarnoff professed his indifference to
12120-517: Was a monopoly breaking antitrust laws, but also its suspected connections to underworld criminal activities. This investigation continued for the next few decades. In 1948, Jules Stein moved up as MCA's first chairman, giving Lew Wasserman charge of day-to-day operations of the company as president. That year, Stein and Wasserman decided to get into a new medium that would soon change the entertainment industry: television . Although many motion picture studios would not touch this new medium, thinking it
12240-532: Was already doing for WEAF. However, AT&T generally refused access to its high-quality telephone lines to competitors, so these efforts generally tried to use telegraph lines , which were found to be incapable of good quality audio transmissions. Use of high-powered stations and shortwave connections were also investigated, but none of these approaches matched the reliability and quality of AT&T's telephone links. The first RCA network broadcast occurred on November 17, 1923, when WJZ rebroadcast play-by-play of
12360-547: Was also a challenge to CBS 's Sunday night lineup, much of which had come from NBC, including—and especially—Jack Benny. Despite critical praise, The Big Show ' s initial success failed to last as NBC cancelled it after only two years, purportedly losing a million dollars on the project. To reflect RCA's ownership, some of NBC's radio and television stations adopted "RCA"-derived call signs in October 1954: WNBC/WNBT in New York became WRCA-AM-FM-TV, WNBW in Washington became WRC-TV, and KNBH in Los Angeles became KRCA. By 1960,
12480-509: Was chairman of MCA Records and is credited for turning around the fortunes of the label. The Chess Records catalog was acquired from the remnants of Sugarhill in 1985. Motown Records was bought in 1988 (and sold to PolyGram in 1993). GRP Records (which became for some years MCA's jazz music label and thus began managing the company's jazz catalogue) and Geffen Records (which served as another mainstream music subsidiary) were acquired in 1990. MCA also acquired other assets outside of
12600-518: Was first developed in the northeastern United States . The first joint broadcast was a one-time effort made on January 4, 1923, when a program WEAF originated was relayed by WNAC in Boston, Massachusetts . The first continuous link was established on July 1, 1923, when Colonel Edward H. R. Green arranged for AT&T to provide WEAF programming for rebroadcast by his station, WMAF at South Dartmouth, Massachusetts . The first transcontinental link
12720-417: Was folded into Geffen Records . Its country music label, MCA Nashville Records , is still in operation. MCA's classical music catalog is managed by Deutsche Grammophon . Burdened with debt, in 2004, Vivendi Universal sold 80% of Vivendi Universal Entertainment to General Electric (GE), parent of NBC . However, the sale of Universal to NBC and GE did not include Universal Music Group , which had been
12840-478: Was forced to sell New York City's WWOR-TV in 1991 to Pinelands, Inc. because of the Federal Communications Commission (FCC) rules that foreign companies could not own over 25% of a U.S. TV station. In 1995, Seagram acquired 80% of MCA from Matsushita. On November 26, 1996, MCA announced that it would acquire television syndication company Multimedia Entertainment from Gannett , who acquired its parent company in 1995, for $ 40 million. On December 9, 1996,
12960-649: Was formally renamed as the American Broadcasting Company on June 15, 1945. NBC and RCA were one of the key forces in the development of television in the 1930s and 1940s, dating back to New York City experimental station W2XBS in 1928. Before the American entry into World War II in 1941, W2XBS was officially licensed as WNBT (channel 1) . NBC also launched W2XWG, an experimental Apex station, in April 1939; after planned FM station W51NY failed due to World War II shortages preventing
13080-647: Was granted, the company formed MCA Television Limited for syndication . In 1950, Revue Productions , once a live concert promotion division that produced "Stage Door Canteen" live events for the USO during World War II, was re-launched as MCA's television production subsidiary. By 1956, Revue became the top supplier of television for all broadcast networks, spanning three decades of television programs such as Armour Theater , General Electric Theater , The Jane Wyman Show , Leave It to Beaver , Wagon Train , and many others. Prior to 1958, all Revue's shows were filmed at
13200-512: Was guided by a codification of Stein's pet policies known as "The Rules of The Road". The Rules were passed down from the Prohibition era, Chicago–area MCA (referenced in books like Citizen Cohn and The King and Queen of Hollywood ) to the 1940s Los Angeles–area firm, which focused on representing movie actors. The Rules were next passed to the 1950s generation of MCA talent agents, including Jerry Perenchio , who later owned and headed
13320-627: Was included as part of the sale of its sister television station . NBC had no interest in owning a daytime-only station in the shadow of its powerful Hartford, Connecticut , affiliate, WTIC , so the network sold WKNB in 1960. The Pittsburgh stations were sold in 1972. In 1956, NBC sought to get an owned-and-operated television station in the Philadelphia market, so it forced a station ownership/ call sign swap with Westinghouse Broadcasting . NBC acquired Westinghouse's KYW radio and WPTZ television in Philadelphia (which became WRCV-AM-TV, for
13440-594: Was included in Emmis's multi-station purchase; as Emmis already owned WFAN in New York City, it sold that station's license and transferred the intellectual property onto the WNBC license, supplanting it outright (WNBC was thus regarded in media coverage as "ceasing operation"). The last station to be sold, KNBR, was delayed due to a long-term play-by-play contract with the San Francisco Giants that ran through
13560-402: Was just a fad and would fade away, MCA decided to embrace it. First, however, the company needed to get a waiver from the Screen Actors Guild , which ruled at the time that talent agencies such as MCA were prohibited from producing TV shows or films. Thanks to the newly elected SAG president, Ronald Reagan (an MCA client), MCA was granted a waiver to start producing TV shows. After the waiver
13680-635: Was lost. The Blue network became the "NBC Blue Network, Inc." and the NBC Red became "NBC Red Network, Inc." Effective January 10, 1942, the two networks had their operations formally divorced, and the Blue Network was referred to on the air as either "Blue" or "Blue Network," with its official corporate name being Blue Network Company, Inc. Consequently, the NBC Red Network became known on-air as simply "NBC" on September 1, 1942. The FCC order
13800-467: Was made in early 1924, and that fall a coast-to-coast network of 23 stations broadcast a speech by President Calvin Coolidge . By the end of 1925, there were 26 affiliates in the standard "WEAF chain", extending west to St. Louis and Kansas City, Missouri . One early success for the "WEAF chain" was The Eveready Hour , the first sponsored program to be broadcast over a radio network, paid for by
13920-466: Was required to divest one of its national networks, so it sold NBC Blue, which was soon renamed the American Broadcasting Company (ABC). After this separation, the Red Network continued as the NBC Radio Network. For the first 61 years of its existence, this network was owned by the Radio Corporation of America (RCA) with New York City radio station WEAF (renamed WNBC in 1946, WRCA in 1954 and again as WNBC in 1960) as its flagship station . Following
14040-463: Was seen as an achievement for RCA's general manager David Sarnoff , who was later regarded as the founder of NBC. NBC's network operations were officially launched with a gala broadcast beginning at 8 p.m. Eastern Time on November 15, 1926. In anticipation, one newspaper reported: "The most pretentious broadcasting program ever presented, featuring among other stars of the theatrical, concert and radio field, some of whom have never been heard on
14160-576: Was sent over an AT&T transcontinental network of 23 stations, but the WJZ chain's broadcast of the speech was carried by only four stations, all located in the East. A few weeks after AT&T consolidated its radio operations into the Broadcasting Company of America subsidiary, it agreed to sell BCA's assets to RCA for approximately $ 1 million (equivalent to $ 17.2 million in 2023),
14280-523: Was sold to French water utility and media company Vivendi , which owned StudioCanal ; the conglomerate then became known as Vivendi Universal. Universal Studios Inc. became Vivendi Universal Entertainment (VUE) as a result of a merger that included the Groupe Canal+ , which consisted of the Canal+ channel, Canalsatellite , and StudioCanal , provided by Vivendi. In the spring of 2003, MCA Records
14400-565: Was ultimately upheld by the U.S Supreme Court in National Broadcasting Co. v. United States , asserting that the FCC had authority to regulate the networks and their associations with affiliates. Consequently, the Blue Network was sold on July 30, 1943, to candy magnate Edward J. Noble for $ 8 million (equivalent to $ 141 million in 2023). When the deal closed on October 12, the Blue Network came under ownership of "American Broadcasting System, Inc." The Blue Network
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