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. Mason Edward J. Mason Edward J. Mason (born 8 May 1912 in Birmingham, England, died 3 February 1971) was a scriptwriter for radio, television and movies for both the BBC and its rival Radio Luxembourg. Edward J. Mason had his first major success in 1947 as a script writer when the BBC Home Service radio network began airing his British detective serial "Dick Barton" which he created with co-writer Geoffrey Webb. This was the first serial to air on the BBC and it continued to be aired until 1951. The BBC replaced "Dick Barton" with "The Archers". Originally another creation of