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
Library of American Broadcasting to its new location. Now housed in the Broadcasting Archives at the University of Maryland, the Library of American Broadcasting is a wide-ranging collection of audio/video recordings, books, pamphlets, periodicals, personal collections, photographs, scripts, and vertical files devoted exclusively to the history of broadcasting. LAB holds many collections of note, including the papers of Sol Taishoff, founder of the influential industry publication "Broadcasting"; the papers of Helen J. Sioussat, director of the Talks Department at CBS (1937–58); the scrapbooks of Edward J. Kirby, chief of the radio branch of the War Department in World War II; and the papers of