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. Kay in 1945. Kay was a frequent collaborator with director William Beaudine. Kay was born in New York City, and died in Los Angeles County, California. Films for which Edward J. Kay composed or directed music include: Edward J. Kay Edward J. Kay (sometimes credited as Edward Kay or Eddie Kay; November 27, 1898 - December 22, 1973) was an American film composer and musical director, who worked on over 340 films from the 1930s into the 1960s, and was nominated on multiple occasions for an Academy Award for Best Original Score, although he never won. On his last film, 1962's