Empresas 1BC (also known as Grupo Phelps, Centro Corporativo 1BC, and Grupo 1BC), is a privately owned Venezuelan corporation which operates diverse media enterprises such as Radio Caracas Televisión, Etheron, Radio Caracas Radio, 92.9 tu FM [es; fr], Sonográfica, FonoVideo, Recordland, and Radionet, to name a few.
The origins of this company dates back to the year 1920, when William Henry Phelps returned to Venezuela from the United States after receiving a degree from Princeton University.
The development of the communications sector began in 1930, when (with the support of RCA) Phelps established the Broadcasting Caracas, the first commercial radio station in Venezuela.
The growth of the television business in the 70s, favored a consolidation of the company, which hired new people such as Marcel Granier, Peter Bottome, and Guillermo Tucker.
They started up the newspaper El Diario de Caracas, which on July 11, 1995, ceased publication.