Cumulus Media Networks the market, it was sold in 1943 to businessman Edward J. Noble, owner of Life Savers candy and the Rexall Drug store chain, for the asking price. After Noble took over, the network identified itself on-air as "The Blue Network." It was officially renamed the "American Broadcasting Company, Inc." in June 1945 after the company bought the rights to the name from (what would later become) Storer Broadcasting. With about 65 affiliates, ABC began with few of the big names and popular shows the other networks offered, so counter-programming became an ABC specialty. Industry policy had been to forbid taped
Edward J. Powers Edward J. Powers Edward J. Powers was an American business executive who served as president and general manager of the Boston Garden. Powers was born in Haverhill, Massachusetts. He graduated from the Bentley School of Accounting and Finance and the Northeastern University School of Business. Prior to working for the Boston Garden, Powers was a junior accountant for a Boston tool company. After spending months lobbying Boston Garden treasurer George Clare for a job, Powers was hired as an accounting clerk in January 1929. He moved up the ranks to the positions of vice president-assistant treasurer and then vice president-treasurer.