Description: ABC News is the news division of the American Broadcasting Company (ABC), owned by the Disney Media Networks division of the The Walt Disney Company. Its flagship program is the daily evening newscast ABC World News Tonight; other programs include morning news-talk show Good Morning America, newsmagazine series Nightline, Primetime and 20/20, and Sunday morning political affairs program This Week with George Stephanopoulos.
History: ABC began news broadcasts early in its independent existence as a radio network after the Federal Communications Commission (FCC) ordered NBC to spin off the former NBC Blue Network into an independent company in 1943. The split (which NBC conducted voluntarily in the event that its appeal to have the ruling overturned was denied) was enforced to expand competition in radio broadcasting in the United States as the industry had only a few companies such as NBC and CBS that dominated the radio market, and in particular, was intended to prevent the limited competition from dominating news and political broadcasting and projecting narrow points-of-view. Television broadcasting was suspended however, during World War II.