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
Manila Broadcasting Company Manila Broadcasting Company Manila Broadcasting Company (MBC) is a radio and television network in the Philippines. MBC is currently owned by the FJE Group of Companies of Fred J. Elizalde, which also operates hotels and Pasay-based amusement park Star City. Its AM flagship station, DZRH is the oldest radio station in the country while its FM flagship station, Love Radio is the #1 station in FM radio ratings in Metro Manila (until 2017) and several key cities. MBC's corporate headquarters and studios are located at the MBC Building, Sotto St., CCP Complex, Pasay City. MBC has six brands, specifically, DZRH