Cumulus Media Networks
- For the Australian Broadcasting Corporation's radio stations, see ABC Local Radio and Australian Broadcasting Corporation - Radio.
ABC Radio is a division of the American Broadcasting Company (ABC) focused on AM radio and FM radio broadcasting. Twenty-two of ABC Radio's top stations, as well as ABC's talk and music networks, are to be acquired by Forstmann Little & Company's Citadel Broadcasting unit.[1] The deal does not include Radio Disney or ESPN Radio, or the five ESPN Radio stations owned by Disney. Disney's ABC News unit will also still produce ABC News Radio programming for distribution by Citadel.[2]
History
ABC began as the NBC Blue network in 1943, then renamed to the 'American Broadcasting Company' in 1945. The NBC Blue and NBC Red networks were both owned by the Radio Corporation of America, but were forced to separate when the Federal Communications Commission declared them a monopoly in 1940.
References
- ^ "Disney to Sell Radio Assets To Citadel for $2.7 Billion," The Wall Street Journal, February 6, 2006.
