Complex sentence: Shortly thereafter NBC sold the Blue Network (later to become ABC Television network) to Edward John Noble, who owned the Lifesavers candy company and was looking for a daytime comedy show that was not a soap opera and that was complete each day.
Split into simpler sentences: Shortly thereafter NBC sold the Blue Network (later to become ABC Television network) to Edward John Noble, who owned the Lifesavers candy company. Noble was looking for a daytime comedy show that was not a soap opera and had a storyline that would wrap-up each day.