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 (executive producer) Wes Kenney (executive producer) Tom Langan (producer) for: "The Young and the Restless" Shared with: William J. Bell (executive producer) Wes Kenney (executive producer) Tom Langan for: "The Young and the Restless" Shared with: Wes Kenney (executive producer) William J. Bell (executive producer) for: "The Young and the Restless" for: "The Young and the Restless" 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