American Cable and Radio Corporation was a communications holding company in the middle 20th century. Created in February 1940, it was a part of ITT World Communications, and operated what was known as the American Cable and Radio System, comprising All America Cables and Radio, the
Commercial Cable Company
The Commercial Cable Company was founded in New York in 1884 by John William Mackay and James Gordon Bennett, Jr.
Their motivation was to break the then virtual monopoly of Jay Gould on transatlantic telegraphy and bring down prices (particular ...
,
Mackay Radio
Mackay Radio stations are from Mackay communication since 1925. Frequencies of Mackay FM online radio
Online radio (also web radio, net radio, streaming radio, e-radio, IP radio, Internet radio) is a digital audio service transmitted via th ...
, and the Sociedad Anonima Radio Argentina.
The company was created, along with the All America Corporation and the Commercial Mackay Corporation, after the reorganization of the
ITT subsidiary
Postal Telegraph and Cable Corporation, which had gone into bankruptcy in 1935. The firm was active in the 1940s and 1950s. Warren Lee Pierson, the wartime head of the Export-Import Bank, became the firm's president after the war. Kenneth Evans Stockton was elected president in March 1948 and served until his death in 1950. Famed admiral
William Halsey Jr.
William Frederick "Bull" Halsey Jr. (October 30, 1882 – August 16, 1959) was an American Navy admiral during World War II. He is one of four officers to have attained the rank of five-star fleet admiral of the United States Navy, the others ...
was the chairman of the board after 1949. Rear Admiral
Ellery W. Stone, USN (retired), was president of the firm from 1950 to 1958.
[Ellery W. Stone, an oral history conducted in 1974 by Frank Polkinghorn, IEEE History Center, New Brunswick, NJ, USA.] Another prominent electrical engineer,
Haraden Pratt, was vice president from 1953 to 1958. The company was still in existence as late as 1980.
References
External links
Clarence H. Mackay, Harbor Hill and the Postal Telegraph
Defunct telecommunications companies of the United States
ITT Inc.
Telecommunications companies established in 1940
American companies established in 1940
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