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.
ABC News
ABC began news broadcasts early in its independent existence as a radio network after the Federal Communications Commission (FCC) ordered NBC to spin off the former NBC Blue Network into an independent company in 1943. The split (which NBC conducted voluntarily in the event that its appeal to have the ruling overturned was denied) was enforced to expand competition in radio broadcasting in the United States as the industry had only a few companies such as NBC and CBS that dominated the radio market, and in particular, was intended to prevent the limited competition from dominating news and political broadcasting and projecting narrow points of view. Television broadcasting was suspended, however, during World War II.