American Broadcasting Company a proposal for UPT to purchase ABC. Noble received other offers, including one from CBS founder William S. Paley; however, a merger with CBS would have forced that network to sell its New York City and Los Angeles stations at the very least. Goldenson and Noble reached a tentative agreement in the late spring of 1951 in which UPT would acquire ABC and turn it into a subsidiary of the company that would retain autonomy in its management. On June 6, 1951, the tentative agreement was approved by UPT's board of directors. However, the transaction had to be approved by
Edward J. Bebb Edward J. Bebb Edward J. Bebb (April 28, 1839 – July 12, 1916) was an American soldier who fought in the American Civil War. Bebb was awarded the country's highest award for bravery during combat, the Medal of Honor, for his action in Columbus, Georgia on April 16, 1865. He was honored with the award on June 17, 1865. Bebb was born in Ohio to Edward (1800 - 1868) and Margaret Evans Bebb (1805 - 1868) on April 28, 1839. He moved to Iowa at age 12. Bebb enlisted into Company D of the 4th Iowa Cavalry on September 25,