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,
Edward J. Barcalo Edward J. Barcalo Edward Joel Barcalo (1870–1963) was an American businessman, noted for founding the Barcalo Manufacturing Company, perhaps best known for the Barcalounger. He was born in Mt. Morris, in the state of New York. Living in Buffalo, New York, Barcolo founded the Barcalo Manufacturing Company in 1896: it originally produced tools, but expanded into the furniture market. By the early 1950s the company had over 550 employees. In 1916, he was serving as the president of the Associated Manufacturers of New York State. Barcalo received U.S. Patent no. 719,685 for the invention of a bed spring. In addition,