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
Ames Broadcasting Company Ames Broadcasting Company Ames Broadcasting Company, also "Lake City Broadcasting" was formed under the owner Betty Baudler Horras, who started out as a bookkeeper before becoming the first woman to own a radio station in Iowa. The small company owned and operated 3 radio stations in West Central Iowa. KCYZ, KASI-AM, KIKD-FM were owned by Ames or Lake City Broadcasting Company, but later sold. KCYZ (then KCCQ), KASI-AM radio stations that were located in Ames, Iowa were sold to Jacor that merged with Clear Channel Communications for an unspecified amount. KIKD-FM radio station located in Lake City, Iowa was sold