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.
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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