American Broadcasting Company a proposal for UPT to purchase ABC. Noble received other offers, including one from CBS founder William S. Paley; however, a merger with CBS would have forced that network to sell its New York City and Los Angeles stations at the very least. Goldenson and Noble reached a tentative agreement in the late spring of 1951 in which UPT would acquire ABC and turn it into a subsidiary of the company that would retain autonomy in its management. On June 6, 1951, the tentative agreement was approved by UPT's board of directors. However, the transaction had to be approved by
J. Edward Hakes a degree-granting, undergraduate institution. Finances and faculty did not adequately support such a transition to a four-year college at that time, but the seeds were planted during the presidency of Dr. J. Edward Hakes (1953-58)." "An Introduction to evangelical Christian education". (Chicago: Moody Press, 1964). J. Edward Hakes J. Edward Hakes left his mark on Christian higher education, his book being assigned as required reading in the classrooms of several Christian colleges. He served as president of Cornerstone University (1954–1958) and academic dean of Trinity College (1969–1980). Cornerstone University citation: "In 1955, the Executive Board of the institution moved to