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This Day In Market History, April 19: ABC Begins Broadcasting


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Each day, Benzinga takes a look back at a notable market-related moment that happened on this date.
What Happened: On this day in 1948, the American Broadcasting Company made its network debut.
Where Was The Market: The S&P 500 lingered between 15.40 and 16.15, and the Dow Jones Industrial Average traded between 180.55 and 185.67.
What Else Was Going On In The World: Consumers were spending about $349.50 on a TV set and a mere nickel on a daily newspaper.
ABC First Airs: A year into the National Broadcasting Company s (NBC) foray into television, ABC expanded from its radio roots to join the fray.
The network soon partnered with popular content producers such as Walt Disney, who aired his “Disneyland” anthology in 1954, and Warner Brothers, which produced “Maverick” and other programs in ensuing years. ....

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