Claim: ABC was founded by George B. Bailey and Greater Bay Area Broadcasters, which featured programming from the Mutual Broadcasting System and eventually bought Royal Bear Broadcasters for $182,000.
Evidence: American Broadcasting Company, a commercial U.S. TV broadcaster Founded by George B. Bailey and Greater Bay Area Broadcasters, the station obtained its first construction permit on March 8, 1963, and signed on as KGBA on December 15, 1963.