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| | American Broadcasting Company Article, AmericanBroadcastingCompany Information (Site not responding. Last check: 2007-10-16) |
 | | ITT and ABC had to apply to the Federal Communications Commission for permission to transfer the broadcast licenses heldby ABC. |
 | | Turner reported that ITT estimated ABC would yield a cash flow of $100,000,000 inthe next five years, "almost all of which was thought by ITT to be available for reinvestment outside the television business."Geneen wouldn't put new money into ABC for the improvement of service, but rather take it out. |
 | | He said "I expect to see that in the paper, highup in the story." EdwardGerrity, Vice President for Public Relations at ITT, pressured her in what she claimed, under oath, was an accusatory andnasty tone to print another favorable story on the prospects of the merger, including the text of a Federal CommunicationsCommission report. |
| www.anoca.org /abc/itt/american_broadcasting_company.html (1737 words) |
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