Weekly television digest (Jan-Dec 1963)

Record Details:

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12— TELEVISION DIGEST MABCH 4. 1963 Financial Reports of TV-Electronics Companies These are latest reports as obtained dnrinir the last week. Dash tadleatee the lafemation was net arafiaMe at press time. Parentheses denote less. Company Paiiod Sales Pre-Ta Earaiogs Net Eanmgs Per Ceamsa Share Ceamei Shares Adler Electronics 1962 — 6 mo. to Dec. 31 $ 10,856,000 $ 280,000 $ .42 667,680 1961 — 6 mo. to Dec. 31 4,700,000 121,000 .18 Andrea Radio 1962 — year to Dec. 31 5,760,965 318,079 1.25 254,136 1961 — year to Dec. 31 6,769,547 360,245 1.42 254,136 Arvin Industries 1962 — year to Dec. 31 95,343,000 3,.582,000 3.02 1,186,270 1961 — year to Dec. 31 73,701,000 2,432,000 2.05 1,137,609 1962 — qtr. to Dec. 31 31,802,000’ 1,834,000’ 1.55 1,186,270 1961 — qtr. to Dec. 31 22,843,000 1,251,000 1.05 1,137,609 Capital Cities Bcstg. 1962 — year to Dec. 31 17,825,467 1,576,320 1.33 1,184,411 1961 — year to Dec. 31 11,803,781 1,088,197 .92 1,184,411 Clevite 1962 — year to Dec. 31 101,175,033’ $ 12,782,236 6,562,236 3.38’ 1,900,000 1961 — year to Dec. 31 91,874,140 10,020,689 5,142,689 2.63’ 1,893,000 Emerson Radio 1963 — 13 wks. to Feb. 2 907,091 435,291’* .19 2,278,797 Story on p.l 1 1962 — 13 wks. to Feb. 3 679,507 .30 2',278,797 Globe-Union 1962 — year to Dec. 31 69,440,000 2,024,000‘ 1.54* 1,316,823 1961 — year to Dec. 31 62,518,783 2,592,505’’ 1.96* 864,451 Herald-Traveler 1962 — year to Dec. 31 34,822,277 1,572,577 3.33 472,397 (WHDH-TV Boston) 1961 — year to Dec. 31 34,706,976 1,657,658 3.68 449,901 Metromedia 1962 — year to Dec. 31 53,069,751 2,489,639’.’* 1.40’ 1,707,682 1961 — year to Dec. 31 48,653,186 1,164,267 .67= 1,707,057 1962 — qtr. to Dec. 31 14,869,485 1,196,948’* .68’ 1,707,682 1961 — qtr. to Dec. 31 14,110,634 761,989 .43* 1,707,057 Microwave Associates 1962 — qtr. to Dec. 29 2,419,000 (135,700) (63,400)* — 1,017,700 1961 — qtr. to Dec. 29 2,938,000 280,000 118,200 .12 1,010,800 Minnesota Mining & Mfg. 1962 — year to Dec. 31 687,085,773’ 165,690,090 83,690,090’ 1.61 52,565,117 1961 — year to Dec. 31 613,896,221 143,821,837 75,171,837 1.45 52,217,816 Oak Mfg. 1962 — year to Dec. 31 30,591,623 1,791,031 907,031’ 1.32 687,074 1961 — year to Dec. 31 23,017,077 1,182,662 557,662 .85 655,794 1962— qtr. to Dec. 31’ 8,100,000 268,000 .39 687,074 1961 — qtr. to Dec. 31 6,399,179 251,785 .39 655,794 RCA 1962 — year to Dec. 31 1,751,646,000' 107,935,000 51,535,000’.” 2.84’ 17,023,000 Story on p.l 1 1961 — year to Dec. 31 1,545,912,000 64,911,000 35,511,000 1.95’ 16,628,000 1962— qtr. to Dec. 31 486,173,000 38,057,000 17,257,000” .96’ 17,023,000 1961 — qtr. to Dec. 31 455,849,000 20,623,000 11,723,000 .66’ 16,628,000 Rollins Bcstg. 1963 — 9 mo. to Jan. 31 5,915,663 436,419 .46 957,001 1962 — 9 mo. to Jan. 31 4,661,990 356,186 .37 955,183 Storer Bcstg. 1962 — year to Dec. 31 13,186,654 6,353.326= 2.61’ 2,438,784 1961 — year to Dec. 31 9,848,333 4,453,681 1.80 2,473,917 1962 — qtr. to Dec. 31 — 1,853,407 .76 2,438,784 1961 — qtr. to Dec. 31 — 1,718,597 .70 2,473,917 Technicolor 1962 — year to Dec. 29 57,927,893 149,969’ .06 2,640,478 1961 — year to Dec. 29 55,026,550 1,744,963* .67 2,623.218 Thompson Ramo 1962 — year to Dec. 31 460,314,000’ 25,204,000 12,454,000 3.25 3,738.231 Wooldridge 1961 — year to Dec. 31 409,077,000 12,668,206 6,459,206 1.71 3,588,464 Zenith 1962 — year to Dec. 31 312,212,334’ 40,937,068 19,637.068’ 2.16 9,104,029 Story on p.l 1 1961 — year to Dec. 31 274,167,987 38,354,788 18,014,788 1.99 9,031,542 Notes : ^ Record. ® After preferred dividends. ® After $604»000 Ic^ from inventory write-downs & non-recurring charges. ■* Includes non-recurring income of $265,315. ^ Includes net gain of $911,459 from sale of radio WWVA Wheeling. W.Va. in Jan. 1962. After $72,300 tax credit. " Indicated. ^ Includes non-operating gain equal to 10^ a share. ® Includes non-operating gain equal to 534?. Before credits totaling $2 million ($1.17) from disposition of certain assets. Before net capital gain of $6,960,000 (41^) from sale of 991,816 Whirlpool common shares. “Before “substantial gain** from sale of 86<^-owned Emertron subsidiary to Litton Industries. Common Stock Dividends Corporation Period Amt. Payable Stk. of Record Amphenol-Borg Elec. Q $0.20 Mar. 29 Mar. 15 Bendix Q .60 Mar. 30 Mar. 8 Globe-Union Q .22 Mar. 15 Mar. 8 Rollins Bcstg. Q .10 Apr. 25 Mar. 25 RCA Q .35 Apr. 29 Mar. 18 Time Inc. Q .75 Mar. 11 Feb. 28 Wells-Gardner Elec. Q .30 Mar. 15 Mar. 8 Boston Herald-Traveler’s revenue from broadcasting increased in 1962 to nearly $9.5 million from 1961’s approximate $9 million (see financial table). Declines in newspaper circulation & advertising, however, coupled with increased expenses, dropped earnings to $1.6 million from $1.7 million in 1961. Reports & comments: AB-PT, CBS & Metromedia, comments, Ross & Hirsch, 120 Broadway, N.Y. 5 • United Artists, memo, Bache & Co., 36 Wall St., N.Y. 5 • RC.A, comment, E. F. Hutton & Co., 61 Broadway, N.Y. 6.