American Broadcasting Company which were related to advertising and were indexed compared to the number of listeners/viewers, failed to compensate for its heavy investments in purchasing and building stations. In 1951, a rumor even mentioned that the network would be sold to CBS. In 1951, Noble held a 58% ownership stake in ABC, giving him $5 million with which to prevent ABC from going bankrupt; as banks refused further credit, that amount was obtained through a loan from the Prudential Insurance Company of America. Leonard Goldenson, the president of UPT (which sought to diversify itself at the time), approached Noble in 1951 on
Edward J. Moskala Edward J. Moskala Edward J. Moskala (November 6, 1921 – April 9, 1945) was a United States Army soldier and a recipient of the United States military's highest decoration—the Medal of Honor—for his actions during the Battle of Okinawa in World War II. Moskala joined the Army from his birth city of Chicago, Illinois, and by April 9, 1945 was serving as a private first class in Company C, 383rd Infantry Regiment, 96th Infantry Division. On that day, at Kakazu Ridge on Okinawa Island, he destroyed two enemy machine gun positions before voluntarily staying behind to cover his unit's withdrawal.