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
Mildred Noble three great grandchildren. Mildred Noble Mildred "Millie" Noble (July 13, 1921 – January 19, 2008) was an American writer and Native American activist. Noble helped to found the Boston Indian Council, which is now known as the North American Indian Center of Boston. Noble was the author of "Sweet Grass: Lives of Contemporary Native Women", which was published in 1997. Mildred Noble was born in northern Ontario, Canada in 1921. Her parents, Edward Paibomasai and Mary Moore, were members of the Ojibwe Nation. Paibomasai was from the Whitefish Bay First Nation, while Moore was from the Hudson Bay region Ojibwe.