This was followed by the debut of the NBC Gold Network, also known as the Pacific Gold Network, on October 18, 1931.
AT&T offered to sell the station to RCA in a deal that included the right to lease AT&T's phone lines for network transmission.
RCA spent $1 million to purchase WEAF and Washington sister station WCAP, shut down the latter station, and merged its facilities with surviving station WRC; in late 1926, it subsequently announced the creation of a new division known as the National Broadcasting Company.
This station was transferred from Westinghouse to RCA in 1923, and moved to New York City.
WEAF acted as a laboratory for AT&T's manufacturing and supply outlet Western Electric, whose products included transmitters and antennas.
In 1986, control of NBC passed to General Electric (GE) – which previously owned RCA and NBC until 1930, when it was forced to sell the companies as a result of antitrust charges – through its $6.4 billion purchase of RCA.