In 1963, Ralph J. Roberts in conjunction with his two business partners, Daniel Aaron and Julian A. Brodsky, purchased American Cable Systems as a corporate spin-off from its parent, Jerrold Electronics, for US $500,000. At the time, American Cable was a small cable operator in Tupelo, Mississippi, with five channels and 12,000 customers. Storecast Corporation of America, a product placement supermarket specialist marketing firm, was purchased by American Cable in 1965. With Storecast being a Muzak client, American Cable purchased its first Muzak franchise of many in Orlando, Florida. COUNT 5
QSN1 When did Ralph Roberts get into the cable TV business? ANS1 1963 QSN2 Who were Roberts' business partners in this purchase? ANS2 Daniel Aaron and Julian A. Brodsky QSN3 What company did this partnership purchase? ANS3 American Cable Systems QSN4 What city did American Cable Systems do business in? ANS4 Tupelo, Mississippi QSN5 How many customers did ACS have when Roberts and his partners purchased it? ANS5 12,000