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
J. Edward Meyer J. Edward Meyer J. Edward Meyer III (born April 15, 1935) is an American politician. Meyer, a Democrat, is a former member of the Connecticut Senate, representing the 12th District from 2005 to 2015. Meyer was also a member of the New York State Assembly, serving as a Republican from 1971 to 1973 and a Democrat from 1973 to 1975. J. Edward Meyer III was born on April 15, 1935, in New York City, the son of J. Edward Meyer Jr. and Carolyn S. Meyer. He graduated from Yale University and Yale Law School. In 1964, Meyer was appointed by