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
King Broadcasting Company a subsidiary, King Screen Productions, in 1966, to produce movies. The company financed Michael Roemer's film "The Plot Against Harry", which became famous for having been completed in 1970 but not securing a commercial release until 1990. Although King Screen was closed in the early 1970s, King Broadcasting continued to control the film's rights at the time of the 1990 release. King Broadcasting Company King Broadcasting Company is a Seattle, Washington media conglomerate and a subsidiary of Tegna founded by Dorothy Bullitt. It began with one AM radio station and later an FM radio station, and grew to include a