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On this day: August 10

POSTED: 09:56 AM PDT Aug 07, 2012    UPDATED: 11:00 PM PDT Aug 09, 2012 

Magellan sets sail, "Candid Camera" moves to TV, the "Son of Sam" is arrested, and Michael Phelps earns his first gold in Beijing, all on this day.

OTD August 10 - Michael Jackson
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David Loh/Reuters

1985: Michael Jackson outbids Paul McCartney and Yoko Ono for the ATV music-publishing catalog, paying $47.5 million for the rights to more than 250 songs written by John Lennon and Paul McCartney.

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