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.
History of the Australian Broadcasting Corporation
Increasing pressure throughout the 1980s led the ABC to divest its orchestras in 1990. They formed Symphony Australia, an umbrella organisation that coordinates the now independent state-based orchestras (still owned by the ABC). The Sydney Symphony Orchestra was the first to be corporatised in 1996 when Sydney Symphony Orchestra Holdings Pty Ltd was formed.