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
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