Editing ABC Records (section)

===Background===
In the 1940s and early 1950s, the [[Federal Communications Commission]] took action against the [[antitrust|Anti-competitive practices]] of movie studios and broadcasting companies, forcing the [[Radio Corporation of America]] (RCA) to sell the [[Blue Network]], the sister network of [[NBC Red Network]], in 1943. The Blue Network was purchased by [[Edward J. Noble]], who changed the company's name to the American Broadcasting Company (ABC) in 1946. In 1953, ABC merged with [[United Paramount Theatres]], the divested former exhibition/cinema division of [[Paramount Pictures]], with the newly-merged corporation, [[American Broadcasting-Paramount Theatres]] (AB-PT) chaired by former Paramount Theaters executive [[Leonard Goldenson]] and headquartered at [[1501 Broadway]] in New York City, above the Paramount Theater in [[Times Square]].<ref name="Kahn">{{cite book|last1=Kahn|first1=Ashley|title=The House That Trane Built: The Story of Impulse Records|date=2006|publisher=Granta|location=London|isbn=1-86207-646-4|pages=15–16}}</ref><ref>{{Cite book|url=https://books.google.com/books?id=KsLLDAAAQBAJ&q=federal+antitrust+actions+taken+against+the+movie+studios+and+broadcasting+companies+in+the+1940s+and+early+1950s.&pg=PT585|title=The Movie Business Book|last=Squire|first=Jason E.|date=August 5, 2016|publisher=CRC Press|isbn=9781317221593|language=en}}</ref>