ABC meaning in Business ?

ABC Weekend TV was one of a number of commercial television companies established in the United Kingdom during the 1950s by cinema chain companies, in an attempt to safeguard their business by becoming involved with television, which was taking away their cinema audiences. In this case, the parent company was the Associated British Picture Corporation (ABPC), which initially did not wish to become involved with the new broadcasting system, but was persuaded to do so by the Independent Television Authority (ITA) and the manager of its Pathé News subsidiary Howard Thomas, who became the new company's managing director.

ABC operated two franchises, one in the Midlands, which was the fourth ITA franchise to go on air, in 1956, and the other in the North of England, which was the sixth franchise to go on air, later the same year.