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
John W. Noble John W. Noble John Winthrop Noble (born Winfield Fernley Kutz; June 24, 1880 – September 10, 1946) was an American film director and screenwriter during the silent era. John Winthrop Noble was the professional name of Winfield Fernley Kutz (sometimes given as Fernley Winfield Kutz), born June 24, 1880, in Pottsville, Pennsylvania. He worked in various capacities with the Thanhouser Company from 1910 to 1912, assisting director Lucius J. Henderson and appearing in films including "The Baseball Bug" (1911) and "The Poacher" (1912). He worked briefly for Solax Studios, formed the short-lived Ryno Film Company with Clarkson Potter Ryttenberg in