Weekly television digest (Jan-Dec 1960)

24 DECEMBER 26, 1960 Financial Reporh of TY-Electronics Companies These are latest reports as obtained darinir the last week. Dash indicates the information was not aTailaUe at press time. Parentheses denote loss. Company Period Sales Allied Radio I960— qtr. to Oct. 31 1959— qtr. to Oct. 31 Famous Players Canadian 1960 — 9 mo. to Oct. 1 1959 — 9 mo. to Oct. 3 Filmways 1960 — year to Aug. 31 1959 — year to Aug. 31 5,721,173 4,448,650 Gibraltar Enterprises' 1960—11 mo. to Nov. 30 1959 — 11 mo. to Nov. 30 Jerrold Electronics 1960 — 6 mo. to Aug. 31 1959 — 6 mo. to Aug. 31 3,205,887 2,915,502 National Video 1960 — 6 mo. to Nov. 30 1959 — 6 mo. to Nov. 30 $10,343,900 8,290,600 Rollins Bcstg. 1960—6 mo. to Oct. 31 1959= 1,853,391 Sterling Television 1960 — 6 mo. to Sept. 30 1959 — 6 mo. to Sept. 30 596,660= 378,830 TV Shares Management Corp. 1960 — year to Oct. 31 1959 — year to Oct. 31 3,063,643 2,714,566 Pre-Tax Earnings Net Earnings Per Common Share Common Shares $ 203,090 202,166 $0.19 .19 $2,332,438 1,429,299 .82 1,737,072 2,629,184 1,718,233 .99 1,737,072 33,893* .07 491,473 190,537 .43 447,986 745,820 .60 1,250,000 577,331 .46 1,250,000 136,509 64,665= .04 90,439 39,920= .03 1,050,100 768,300 1.25 616,667 651,926 530,926 .86 616,667 229,463 .26 872,867 16,833= 450,000 13,273 — 450,000 1,490,848 750,848= .74 1,060,000 1,430,797 702,297 .66 1,060,000 Notes: 'Includes WICU-TV & WICV Erie, radio WTOD Toledo & WHOO Orlando, headed by Edward Lamb. ®Not available. ^Record. *After credits ' totaling more than $52,000. ^Excludes $133,272 ($208,473 in 1959) net income from CATV systems. “Excludes special credit of $283,656 on sale of properties. OVER-THE-COUNTER COMMON STOCK QUOTATIONS Thursday, December 22, 1960 Electronics TV-RadiosAppliances Amusements stock Acoustica Associates Aerovox Allied Radio Astron Corp. Baird Atomic British Industries — CGS Labs Cetron Control Data Corp. — Cook Elec. Craig Systems Dictaphone Digitronics Eastern Ind. Eitel-Mccullough Elco Corp. Electro Instruments __ Electro Voice Electronic Associates _ Erie Resistor Elxecutone Farrington Mfg. FXR General Devices G-L Electronics Granco Products Gross Telecasting Haydu Hewlett-Packard High Voltage Eng. — Infrared Industries — Interstate Engineering Itek Jerrold Lab for Electronics — Lei Inc. — Magna Theater Bid Asked Stock Bid Asked 19% 21% Maxon (W. L.) 10% 11% 7% 8% Meredith Pub. _ _ 42% 45% 23 24’% Metropolitan Bcstg. 17% 18% IVs Milgo Electronics 15% 17% 24% 26% Narda Microwave 3% 4% 17 18% Nuclear of Chicago — 38 41% 6 7% Official Films 2% 2% 3% 4% Pacific Automation 4% 5% 68 72% Pacific Mercury 5% 6% 13% 14% Philips Lamp _ _ 156% 162 15 'A 16% Pyramid Electric — _ 2% 2% 28% 30% ■ Radiation Inc. _ 24% 27 19% 21% Howard W. Sams 36% 39% 14 15 Sanders Associates 37 42% 18V4 19% Silicon Transistor — 4 'A 5 IS'A 16% Soroban Engineering _ 40 43ys 28% 31% Soundscriber _ 15% 17% 7ya 8% Speer Carbon 18 i9ys 29% 32 Sprague Electric 50% 54 9% lO'A Sterling TV _ 1% 2 20% 23 Taft Bcstg. 12 13% 28% 30% Taylor Instrument — 32 34% 35% 38% Technology Inst. 8% 9% 11% 12% Telechrome 12% 13% 6% 7% Telecomputing 7% 2% 3 Telemeter 11 12% 19% 21% Time Inc. 73% 77% 1/16 . % Tracerlab 9% 10% 31 33 United Artists 5% 6% 156 167 United Control 15% 17% 15% 17% Universal Trans. % 1-5/16 24 *A 25ya Vitro — 11% 12% 54 58 Vocaline 2 6% 7% WJR Goodwill Station 9% 11 47% 50ya Wells-Gardner 20% 22 ‘A 3% 4% Wometco Bnt. 13 14% 2% 2% Common Stock Dividends Corporation Period Avco Q Daystrom Q Electronic Associates . . Stk. General Dynamics Q Victoreen Instruments . Stk. Amt. Payable $0.12% Feb. 20 .30 Feb. 15 5% Jan. 12 .25 Feb. 10 4% Jan. 16 Stk. of Record Jan. 27 Jan. 27 Dec. 28 Jan. 6 Dec. 30 Screen Gems will be worth about $23.5 million to Columbia Pictures, its parent, in terms of the 89% interest that Columbia will maintain when the first SG public offering goes on the market next month. An additional 300,000 shares, on which Screen Gems plans to raise about $3 million, will be offered to holders of Columbia Pictures stock at approximately $10 per share. Screen Gems is in a healthy financial position in the often-risky telefilm business; for the fiscal year ended June 30, SG had beforetaxes earnings of over $3.1 million, while parent Columbia Pictures had a loss of over $1.2 million. When the offering is concluded, it’s estimated that Columbia will have 1.8 shares of Screen Gems for each share of Columbia Pictures outstanding. Thus, stockholders in the parent will have an equity of $18 in Screen Gems stock, plus participation in Columbia’s movie activities. Mergers & acquisitions: Transitron Electronics has canceled its proposed merger with Thermo King, Minneapolis maker of refrigeration equipment for trailer trucks (Vol. 16:35 pl6). Transitron Pres. David Bakalar said the action was taken “primarily” because of the “recent decline in Thermo King’s rate of earnings.” Thermo King Pres. J. A. Numero said the “ground asserted by Transitron is without merit” • Cowles Bcstg. (KRNT-TV & KENT Des Moines, WHTN-TV Huntington — latter being sold to Reeves Bcstg. & Development) and Cowles Magazines {Look) have obtained stockholder approval to merge via an exchange of stock into Cowles Magazines & Bcstg. Inc. • Serrick Corp., Defiance, 0. maker of industrial machinery & products, has acquired Utah Radio Products and Utah Radio & Electric, Huntington, Ind. manufacturers of TV-radio equipment & components. Electro-Science Investors, Dallas-based small-business investment company, has acquired for $2 million in convertible debentures & common stock more than 80% equity in Knapic Electro-Physics, Palo Alto, Cal. manufacturer of silicon & germanium crystals for semiconductor devices.