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
Edward J. Walsh Edward J. Walsh Edward Joseph Walsh (March 5, 1942 – February 14, 2014) was an American political journalist and foreign correspondent for "The Washington Post" and "The Oregonian". Born in Chicago, Illinois, Walsh graduated from the College of St. Thomas, now the University of St. Thomas, in Saint Paul, Minnesota, in 1963. He did graduate work in journalism and political science at Marquette University in Milwaukee, Wisconsin. He began his reporting career with the "Catholic Messenger" in Davenport, Iowa followed by reporting for the "Houston Chronicle". In 1971, Walsh began a 33-year career with "The Washington Post", during which he