 Toward the end of 1950, the executors of the estate of Thomas S. Lee (the son of Don Lee, who had died in 1934) decided to liquidate the estate's interests in the broadcasting field. The Don Lee Broadcasting System, with its major station groups KHJ in Los Angeles and KFRC in San Francisco and its shares in the Mutual Broadcasting System, was sold to General Tire (which already had a stake in Mutual via its Yankee Network holdings). Around the same time, Mutual acquired the television broadcast rights to the World Series and All-Star Game for the next six years. Mutual may have been reindulging in TV network dreams or simply taking advantage of a long-standing business relationship; in either case, the broadcast rights were sold to NBC in time for the following season's games at an enormous profit.
