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
Edward J. Collins Jr. Edward J. Collins Jr. Edward J. Collins Jr. was an American government official for the state of Massachusetts, the town of Saugus and the city of Boston. He is the namesake of the Edward J. Collins Jr. Center for Public Management at the University of Massachusetts Boston. Collins was born and raised in Hyde Park. He attended Archbishop Williams High School, Boston College, and Boston College Law School. In 1978 Collins was named a Deputy Commissioner of the Massachusetts Department of Revenue. He was in charge of the newly created Division of Local Services (DLS), which assisted local officials with