Cumulus Media Networks the market, it was sold in 1943 to businessman Edward J. Noble, owner of Life Savers candy and the Rexall Drug store chain, for the asking price. After Noble took over, the network identified itself on-air as "The Blue Network." It was officially renamed the "American Broadcasting Company, Inc." in June 1945 after the company bought the rights to the name from (what would later become) Storer Broadcasting. With about 65 affiliates, ABC began with few of the big names and popular shows the other networks offered, so counter-programming became an ABC specialty. Industry policy had been to forbid taped
King Broadcasting Company companies that were eventually absorbed into Gannett as well). It is still the licensee for the former King Broadcasting television stations, except KHNL, which Belo sold to Raycom Media in 1999, and (for a short while) KGW, which was spun off to Sander Media as part of the Belo acquisition due to Gannett's ownership of the Statesman Journal newspaper in Salem, Ore. Gannett operated KGW through a shared services agreement, an arrangement that was inherited by Tegna. However, KGW was reunited with its King Broadcasting stablemates when Tegna fully acquired the Sander-held stations in December 2015. King Broadcasting Company established