RADIO CORPORATION OF AMERICA, an American corporation incorporated in Delaware on Oct. 17, 1919.
The Radio Corporation of America, and its subsidiaries are en gaged in the manufacture and sale of apparatus for radio purposes and for recording and reproducing sound, the operation of inter national, marine and domestic radio communication services, the operation of radio broadcasting stations and the supplying of programs for radio broadcasting. Prior to 1930 RCA, having no manufacturing facilities of its own, purchased from General Elec tric Company and Westinghouse Electric and Manufacturing Company all of the apparatus sold by them. In 1929 it acquired the Victor Talking Machine Company and as of Jan. 1, 193o, it acquired manufacturing rights and facilities from the General Electric and Westinghouse Companies. These were operated by RCA Victor Company, Inc. and RCA Radiotron Company, Inc., until Jan. I, 1935, on which date all manufacturing activities were consolidated in RCA Manufacturing Company, Inc., a new company. The international radio communication services were operated by RCA until 1929 at which time they were transferred to R.C.A. Communications, Inc., a subsidiary. In 1935 these
services consisted of 57 direct radio circuits, linking the United States with 47 countries, and domestic radiotelegraph circuits connecting II United States cities. R.C.A. Communications, Inc. also operates services for the transmission by radio facsimile of pictures, maps etc. In 1923 RCA commenced the operation of two radio broadcasting stations, WRC in Washington and WJZ in New York. The National Broadcasting Company, Inc., now a wholly owned subsidiary, was organized in 1926, and acquired WEAF in New York. NBC now operates radio broadcasting sta tions and engages in network broadcasting. Through its sub sidiary, R.C.A. Institutes, Inc., the RCA operates a school of instruction in radio and sound motion picture equipment.
The authorized capital stock consists of 500,00o shares of "A" Preferred, $50 par value, of which 495,597.4 have been issued; 15,000,00o shares of authorized common stock, of which 13,130, 690.2 have been issued; and 1,500,000 authorized and 767,275.1 shares issued "B" Preferred stock. (J. G. H.)