Legend: It was rumored that Ed Wynn had a hand in founding 1130 WNEW (Ed Wynn) (now WBBR).
Real Story: WNEW was founded by advertising man Milton Biow, who believed that "NEW is the most exciting word in the English language." The confusion with the Amalgamated Broadcasting System may have begun because WNEW's original Manhattan studios were the old ABS studios at 601 Madison Avenue. So Ed Wynn may have earned some of his money back from WNEW but never owned the station.