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.
DuMont Television Network
ABC's fortunes were dramatically altered in February 1953, when the FCC cleared the way for UPT to buy the network. The merger provided ABC with a badly needed cash infusion, giving it the resources to mount "top shelf" programming and to provide a national television service on a scale approaching that of CBS and NBC. Through UPT president Leonard Goldenson, ABC also gained ties with the Hollywood studios that more than matched those DuMont's producers had with Broadway.