Radio: Blue Sale

Edward John Noble, smart, genial board chairman of the Blue Network, this week announced sale of more than a quarter of Blue's common stock (which he acquired last summer for $8,000,000). Principal purchasers (12 ½% each): TIME INC. and Chester J. LaRoche, onetime board chairman of the potent advertising firm of Young & Rubicam, who becomes a director and chairman of the executive committee of the Blue. Other purchasers: Mark Woods, president, and Edgar Kobak, executive vice president, of the Blue Network.

TIME INC., which originated the MARCH OF TIME and now presents the...

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