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 Meyer J. Edward Meyer J. Edward Meyer III (born April 15, 1935) is an American politician. Meyer, a Democrat, is a former member of the Connecticut Senate, representing the 12th District from 2005 to 2015. Meyer was also a member of the New York State Assembly, serving as a Republican from 1971 to 1973 and a Democrat from 1973 to 1975. J. Edward Meyer III was born on April 15, 1935, in New York City, the son of J. Edward Meyer Jr. and Carolyn S. Meyer. He graduated from Yale University and Yale Law School. In 1964, Meyer was appointed by