Happy Wedding

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 the whole radio and TV industry.

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