After 13 months of hearings, the Federal Communications Commission last week approved a merger of United Paramount Theaters (710 movie houses and one TV station) and the American Broadcasting Co. (15 radio & TV stations, 429 radio & TV affiliates). It was the first time big movie and TV interests have merged, and FCC gave its approval to the new company, to be called American Broadcasting-Paramount Theaters, Inc. In doing so, FCC overruled a preliminary FCC report, which had recommended against the merger on the ground that it was the first step by the movie industry to take over...
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