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Edward J. Noble, the owner of Life Savers candy, drugstore chain Rexall, and New York City radio station WMCA, purchased the network for $8 million. [1] [2] According to FCC ownership rules, the transaction, which was to include the purchase of three RCA stations by Noble, would require him to resell WMCA with the FCC's approval. [6]
Oct 7, 2023 · The court forced NBC to sell one of its radio networks, and in 1943, the NBC Blue Network became ABC, owned by Edward J.Noble, head of the Life Savers Corporation. By the early 1950s, Paramount invested in ABC and a TV player was born.
View Interview. Sterling "Red" Quinlan on working with Edward J. Noble. 01:23. Sterling "Red" Quinlan on the formation of ABC and on becoming general manager of ABC's Chicago station. 04:42.
Edward John Noble was an American broadcasting and candy industrialist originally from Gouverneur, New York. He co-founded the Life Savers Corporation in 1913. He founded the American Broadcasting Company when he purchased the Blue Network in 1943 following the Federal Communications Commission's (FCC) decree that RCA divest itself of one of its two radio networks.
Added: Mar 22, 2022. Find a Grave Memorial ID: 237861912. Source citation. American broadcasting and candy industrialist. He co-founded the Life Savers Corporation in 1913 and created the tin-foil wrappers that keep the mints fresh. He purchased the rights for the candy for $2,900.00 and created a multimillion dollar operation.
NBC sells its less profitable network to Edward J. Noble who dubbs his network American Broadcasting Company (ABC) 1953: ABC merges with United Paramount Theatres and becomes American Broadcasting-Paramount Theatres (AB-PT) 1954: AB-PT gives Walt Disney $4.5 million to finish Disneyland and Disney agrees to provide television shows for ABC. 1957:
ABC launched as a radio network in 1943, as the successor to the NBC Blue Network, which had been purchased by Edward J. Noble. It extended its operations to television in 1948, following in the footsteps of established broadcast networks CBS and NBC, as well as the lesser-known DuMont.
