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 P. J. Corbett Edward P. J. Corbett Edward Patrick Joseph, P.J., Corbett was an American rhetorician, educator, and scholarly author. Corbett wrote several books, including "Classical Rhetoric for the Modern Student", "The Writing Teacher's Sourcebook", "The Elements of Reasoning", "Style and Statement", and "The Little English Handbook: Choices and Conventions". Corbett taught and did research in the English departments of Creighton University and Ohio State University. As a result of his work, the Edward P. J. Corbett Award is named after him. In 1982 Thomas Willard singled out Corbett as an outstanding "contemporary rhetorician." Corbett died on June 24, 1998 at his home