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
Edward J. Scott Edward J. Scott Edward J. Scott (born September 15, 1944) is an American soap opera producer. Born and raised in Santa Monica, California, Scott earned a B.A from California State University at Northridge with a double major of anthropology and broadcasting journalism. He has been married since 1985 to actress Melody Thomas Scott, who is best known for her role as Nikki Newman on The Young and the Restless. The couple, who have three daughters: Jennifer, Alexandra and Elizabeth, recently renewed their wedding vows on their 20th anniversary in an Entertainment Tonight special, ranked #1 in its timeslot. Five-time Emmy