The Gillette Safety Razor Co. pays $800,000 for TV rights to the World Series. Radio rights will add another $175,000 more.

On August 19, 1950 — The Gillette Safety Razor Co. pays $800,000 for TV rights to the World Series. Radio rights will add another $175,000 more.

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Sources:
Baseball Reference August 19
National Pastime August 19
Retro Sheet
Hall of Fame
SABR Games Project
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