When was ABC formed?
American Broadcasting Company
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Once Mutual's appeals against the FCC were rejected, RCA decided to sell NBC Blue in 1941, and gave the mandate to do so to Mark Woods.[5] RCA converted the NBC Blue Network into an independent subsidiary, formally divorcing the operations of NBC Red and NBC Blue on January 8, 1942,[4][6] with the Blue Network being referred to on-air as either "Blue" or "Blue Network".[7] The newly separated NBC Red and NBC Blue divided their respective corporate assets. Between 1942 and 1943, Woods offered to sell the entire NBC Blue Network,[8][9] a package that included leases on landlines, three pending television licenses (WJZ-TV in New York City, KGO-TV in San Francisco and WENR-TV in Chicago), 60 affiliates, four operations facilities (in New York City, Chicago, Los Angeles and Washington D.C.), contracts with actors, and the brand associated with the Blue Network. Investment firm Dillon, Read & Co. offered $7.5 million to purchase the network, but the offer was rejected by Woods and RCA president David Sarnoff.[8]