Edward J. Noble of its two radio networks, he founded the American Broadcasting Company (ABC) when he purchased the Blue Network (formerly part of NBC) on October 12, 1943. He tried to build ABC into an innovative and competitive broadcaster, but was hampered by financial problems and the pressure of competing with long-established NBC and CBS. By 1951, he entered negotiations to merge the network with United Paramount Theaters, headed by Leonard Goldenson; Goldenson became chairman of the ABC network, while Noble sat on its board of directors for the rest of his life. Noble, 76, died at his home on December 28,
Weigel Broadcasting Weigel Broadcasting Weigel Broadcasting Company (a.k.a. Weigel Broadcasting) is an American television broadcasting company based in Chicago, Illinois, alongside its flagship station WCIU-TV (Channel 26), at 26 North Halsted Street in the Greektown neighborhood. It currently owns 16 television stations. The company was founded by Chicago broadcasting veteran John Weigel, whose career dated back to the 1930s. With $1,000 of his own money, and another $1,000 from his attorney, Daniel J. McCarthy, Weigel bought the broadcasting license for what became the first UHF television station in the Chicago area. WCIU signed on the air on February 6, 1964. One year