Leonard Goldenson
Goldenson orchestrated the merger of United Paramount Theatres with ABC in 1953 (after Paramount was ordered to spin it off in the wake of "United States v. Paramount Pictures, Inc.", a 1948 decree of the U.S. Supreme Court). ABC was originally formed in 1943 in the wake of an earlier Supreme Court decree effectively ordering the spinoff of the largely secondary-status "Blue Network" from its then-parent, NBC; its buyer, industrialist Edward J. Noble, tried to build ABC into a competitive Broadcasting company, but by 1951 was rumored to be on the verge of selling the nearly bankrupt operation to CBS, whose management apparently wanted ABC's critically important owned-and-operated television stations.
American Broadcasting Company
The network's flagship owned-and-operated station, WJZ-TV in New York City (later re-called WABC-TV), signed on the air on August 10, 1948, with its first broadcast running for two hours that evening. ABC's other owned-and-operated stations launched over the course of the next 13 months: WENR-TV in Chicago signed on the air on September 17, while WXYZ-TV in Detroit went on the air on October 9, 1948. In October 1948, as a result of an influx of television station license applications that it had issued as well as a study it undertook on the use of the VHF spectrum for broadcasting purposes, the FCC implemented a freeze on new station applications. However, KGO-TV in San Francisco, which had received its license prior to the freeze, made its debut on May 5, 1949. On May 7, 1949, "Billboard" revealed that ABC had proposed an investment of $6.25 million, of which it would spend $2.5 million to convert of land in Hollywood into what would become The Prospect Studios, and construct a transmitter on Mount Wilson, in anticipation of the launch of KECA-TV, which was scheduled to begin operations on August 1 (but would not actually sign on until September 16).