RCA
1919 Public company founded by General Electric Co when it bought the assets of the Marconi Wireless Telegraph Company of America.
1922 A member of the Commercial Radio International Committee[1]
1929 RCA purchased the Victor Talking Machine Company, then the world's largest manufacturer of phonographs and phonograph records, and the record company was named RCA Victor.
1930 the U.S. Department of Justice brought antitrust charges against RCA, General Electric and Westinghouse. As a result, GE and Westinghouse gave up their interests in RCA. RCA was allowed to keep its radio factories.
By 1973 RCA had major interests outside its core communications and electronics businesses; it owned major stakes in Hertz, Random House, and Coronet carpets as well as Banquet Foods, maker of frozen foods. Acquired a stake in Oriel Foods[2]
1975 After a change of chairman, the company started to sell off its diversification businesses[3]
1986 RCA was acquired by the General Electric Co
See Also
Sources of Information
- Wikipedia [1]