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. Burling Post Office and Customs House and Methodist Church Block, a religious denomination with which Burling was affiliated. Edward J. Burling Edward J. Burling (April 24, 1819, Newburgh, New York – February 1892) was an American architect who designed buildings in Chicago in the 1840s through the 1890s. Edward J. Burling was born April 24, 1819, to Nathaniel Burling (1778-1828) and Elizabeth (maiden name unknown) Burling (1798-1886) in Newburgh, New York, a town located along the Hudson River between New York City and Albany, New York. He was never formally trained nor completed his education, but began a carpentry apprenticeship as