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 Hall J. Edward Hall James Edward Hall (August 22, 1851 – May 3, 1889) was a socialist trade union organizer and politician. He is best remembered as one of the organizers of the New York Central Labor Union and one of the first American socialists nominated for high political office, heading the New York state ticket of the Socialist Labor Party of America as its candidate for Governor in 1888. J. Edward Hall was born August 22, 1851, in Glen Cove which was then a village in Queens County, and is now a city in Nassau County on Long Island. He