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I thought you might be interested in the article from the FAIR web site. The following article will be appended to your message: Media Monopoly: Long History, Short Memories By Jim Naureckas What's wrong with media mergers? A look at the history of ABC--the network that the Walt Disney Company is in the process of swallowing up--illustrates nearly every argument against consolidation of media ownership. ABC can trace its origins back to 1919, when RCA, the Radio Corporation of America, was created by a consortium of General Electric, Westinghouse, AT&T and United Fruit. RCA and its allies controlled the patents for radio, and had a virtual monopoly until the alliance was declared to violate antitrust laws in 1932. In the meantime, RCA had launched the National Broadcasting Company (NBC) which controlled two radio networks known as the Red and Blue networks. In order to reduce NBC's overwhelming dominance of the broadcasting industry--which threatened to monopolize the embryonic television medium--the Federal Communications Commission ordered NBC to sell one of its networks. In 1943, the Blue network was sold for $8 million to Edward J. Noble--the conservative businessman who invented Life Savers--and became the American Broadcasting Company (ABC). To read the rest of the article, please click on the link below. http://www.fair.org/index.php?page=1332 This article was published on Fairness & Accuracy In Reporting's Website (http://www.fair.org).

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