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In page 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.[11] Through UPT president Leonard Goldenson, ABC also gained ties with the Hollywood studios that more than matched those DuMont's producers had with Broadway.[citation needed]
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