Weekly television digest (Jan-Dec 1963)

12— TELEVISION DIGEST MABCH 18. 1963 Financial Reports of TV-Electronics Companies These are latest reports as obtained dnrinic the last week. Dash indicatca the information was not available at press time. Parentheses denote loss. Company Period Sales Pre-Tax Earnings Net Earnings Per Common Share Common Shares Desilu Productions 1963 — 9 mo. to Jan. 26 $ 1.5,794,836 $ 873,777 $ 415,812 $0.34 1,233,631 1962 — 9 mo. to Jan. 26 11,9.37,730 293,416 293,416 .25 1,165,940 Famous Players Canadian 1962 — year to Dec. 31 2,667,445* 1.54’ 1,737,072 1961 — year to Dec. 31 — 2,423,922* 1.40* 1,737,072 General Bronze 1962 — year to Dec. 31 18,957,533 (141,108) (141,108) — 391,820 1961 — year to Dec. 31 18,641,852 (2,288,832) (1,663,832)* — 391,820 Motorola 1962 — year to Dec. 31 346,881,779' 26,514,514 12,192,862 3.03" 4,026,872 Story p. 1 1 1961 — year to Dec. 31 298,219,845 19,900,308 9,517,308 2.36 4,028,652 1962 — qtr. to Dec. 31 102,180,934' 3,094,782 .77 4,026,872 1961 — qtr. to Dec. 31 90,516,076 3,100,416 .77 4,028,652 National Co. 1962 — year to Dec. 31 8,832,021 — 9,718 — 804,246 1961 — year to Dec. 31 6,033,032 (337,800) — 802,779 Schlumberger (Daystrom) 1962 — year to Dec. 31 266,544,000 38,02.3,000 22,240,000 4.17 .5,333.587 Story below 1961 — year to Dec. 31 229,998,000 33,999,000 17,886,000 3.35 5,333.587 Trans-Lux 1962 — year to Dec. 31 1,149,724 616,.539 .83 743,037 1961 — year to Dec. 31 — 1,116,805 567,379 .76 732,182 TraVler Industries 1963 — 9 mo. to Jan. 31 18,557,000 233,000 .23 1,013,842 1962 — 9 mo. to Jan. 31 19,676,000 570,000 .56* 964,289 1963 — qtr. to Jan. 31 4,592,000 7,000 .01 1,013,842 1962 — qtr. to Jan. 31 6,825,000 210,000 .21* 964,289 Notes: 'Includes profit from sate of fixed assets equal to 60tf a share. a share) from sate of Motorola Finance Corp. (Vol. 2:25 plO). ® Includes profit from sale of fixed assets equal to 36d a share. • After • Adjusted to reflect B% stock dividend Sept. 1962. $725,000 tax credit. * Record. ® Before capital gain of $1 million (26^ Common Stock Dividends Corporation Period Amt. Payable Stk. of Record Andrea Radio , Q $0.12V2 Apr. 1 Mar. 22 Clevite Q .35 Mar. 29 Mar. 18 Eico Electronic Q .06% Apr. 3 Mar. 20 Metromedia Q .10 May 1 Apr. 12 Howard W. Sams Q .15 Apr. 25 Apr. 10 Sangamo Electric Q .121/2 Apr. 10 Mar. 22 Schlumberger Q .25 June 1 May 15 Trans-Lux Q .15 Mar. 29 Mar. 15 Gabriel doubts it will pay cash dividends this year, despite sharply improved 1962 earnings (Vol. 3:8 pl2). Pres. Jerome M. Comar, who’s also exec, vp of Maremont, which owns 51.5% or 379,340 of Gabriel’s 735,913 outstanding common shares, said Gabriel will need cash because it “has substantial prepayments against long-term loans & plans for major capital improvements.’’ Gabriel’s last cash dividend was a 15«f payment Dec. 1959. A 5% stock dividend was issued Nov. 1961. Crowell-Collier has filed SEC registration for $5.5 million of convertible subordinated debentures due 1983. They will be offered for subscription, at 100% of principal amount, to common stockholders at rate of $100 face amount of debentures for each 60 shares held. Unsubscribed debentures will be offered for public sale via under^vriters headed by Carl M. Loeb, Rhoades & Co. AT&T 1962 salaries & stock holdings (as of Jan. 30, 1963) of principal officers, as noted in March 9 proxy statement: Chmn. Frederick R. Kappel, $254,400 & 1,111 shares; Pres. Eugene J. McNeely, $189,133 & 1,002; Vice Chmn. William C. Bolenius, $188,633 & 1,161. Reports & comments: Columbia Pictures & Screen Gems, comments, Amott, Baker & Co., 150 Broadway, ^ N.Y. 38 • Avco, analysis, Schweickart & Co., 29 Broadway, N.Y. 4 • Litton Industries, re\dew, Coggeshall & Hicks, 111 Broadway, N.Y. 6 • -Amphenol-Borg Electronics, comment, Francis I. DuPont & Co., Robinson Bldg., Philadelphia 2 • AT&T, comment, Homblower & Weeks, 1401 Walnut St., Philadelphia 2 • Avnet Electronics, review, Stanley Heller & Co., 30 Pine St., N.Y". 5 • AT&T, analysis, Bruns, Nordeman & Co., 52 Wall St., N.Y. 5. Corporate spending for new plants & equipment will rise 4.8% this year from 1962 to record $39.1 billion, surveys by Commerce Dept. & SEC indicate. Current quarter’s capital outlay is at annual rate of slightly under $38 billion. Spending is expected to increase to approximately $38.7 billion in April-June quarter, rise to about $40 billion rate “for 2nd half of year,” Commerce-SEC report said. Daystrom increased “profitability” last year as parent Schlumberger’s sales of electronic products rose to some $110-120 million from 1961’s $99.4 million. Over-all, Schlumberger anticipates 1962 earnings of about $21.5 million on $255 million sales — ^up sharply from 1961’s $17.9 million earned on $230 million sales. Schlumberger said gains result principally from electronics operations. First public offering of Scripps-Howard Bcstg. Co. stock will be made — 375,000 shares (15%) of shares outstanding. Stock is being made available through sale by 4 individual stockholders and E. W. Scripps Co.; latter owns 71.5%. After offering, Scripps Co. will own more j than 66-2/3% and the 4 selling shareholders will retain more than 15%.