Possible could be a radio antenna, Tom, I suspect its TV, though, It looks newer, if it was original to the house they would have lined up up with the power outlet 6 inches away from it., has a 50's or 60s style wall plate, 2 slots, almost the same size as a 2 prong power socket, but set vertically in the middle of the plate. Its a bit odd, doesn't match other antenna outlets I've seen.
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