What happened when AT&T sold their red network in 1926?
Category:
music and audio
public radio
AT&T sold its WEAF station (and another in Washington, D.C.) to RCA for $1 million in a deal that allowed RCA to lease AT&T's phone lines – a huge audio upgrade. RCA's new division, the National Broadcasting Company, was formed on this day in 1926 and officially launched with programming on Nov.
Subsequently, one may also ask, what new network was formed when AT&T sold its networks in 1926?
NBC
Similarly one may ask, when did RCA go out of business?
RCA
Industry | electronics |
---|---|
Fate | Acquired by GE in 1986, various divisions liquidated |
Successor | General Electric RCA (owned by Technicolor) RCA Records (owned by Sony Music Entertainment) |
Founded | October 17, 1919 as Radio Corporation of America. Name changed to RCA Corporation on May 9, 1969. |
Founder | Owen D. Young |
The National Broadcasting Company began regular broadcasting in 1926, with telephone links between New York and other Eastern cities. NBC became the dominant radio network, splitting into Red and Blue networks. The Columbia Broadcasting System began in 1927 under the guidance of William S. Paley.