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
Altimax Broadcasting Company used to propose a 10 kilowatt-UHF pay TV station using Channel 19 as its frequency. However, there is no word yet on the planning. Altimax Broadcasting Company Altimax Broadcasting Company (Altimax) is a media company co-owned by The Velarde Group and Bethlehem Holdings, Inc. (BHI, a subsidiary of the Globe Group Retirement Fund). Altimax's media businesses are direct-broadcast satellite (DBBS) and Multipoint Multichannel Distribution Service (MMDS) wireless cable TV and broadband. In 1999, The Velarde Group and its holding investment firm Velarde, Inc. (VI), led by former SkyCable executive vice president Mel Velarde, acquired Altimax Broadcasting Company and its broadcast