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. Bebb Edward J. Bebb Edward J. Bebb (April 28, 1839 – July 12, 1916) was an American soldier who fought in the American Civil War. Bebb was awarded the country's highest award for bravery during combat, the Medal of Honor, for his action in Columbus, Georgia on April 16, 1865. He was honored with the award on June 17, 1865. Bebb was born in Ohio to Edward (1800 - 1868) and Margaret Evans Bebb (1805 - 1868) on April 28, 1839. He moved to Iowa at age 12. Bebb enlisted into Company D of the 4th Iowa Cavalry on September 25,