Weekly television digest (Jan-Dec 1963)

Record Details:

Title:
Weekly television digest
Date:
Jan-Dec 1963
Publisher:
Washington D.C. : Television Digest, Inc.
Volume:
Weekly television digest (Jan-Dec 1963)
Leaf #:
000217
Language:
English
Subjects:
Television -- Periodicals, Television broadcasting -- United States -- Periodicals.
Collection:
Broadcasting & Recorded Sound
Format:
Periodicals
Contributor:
University of Maryland, College Park
Sponsor:
LYRASIS Members and Sloan Foundation
Coordinator:
Media History Digital Library
Description:
A weekly digest of brief reports tracking recent developments in the U.S. television marketplace. Published out of Washington, D.C. with much more focus on the retail of TV sets than the other D.C.-based trade paper, BROADCASTING. -- Eric Hoyt, 2015
Date Added:
March 28, 2024
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NEW SERIES VOL. 3 No. 17 TELEVISION DIGEST— 11 Trade Personals Robert W. Galvin, Motorola pres., will be toastmaster at EIA’s Annual Award Dinner, Chicago, June 19 . . . Titus Haifa, Webcor chmn., named among 11 recipients of 1963 Horatio Alger Awards. Frank M. Folsom, RCA exec, committee chmn., will be national chmn. for National Bible Week, Oct. 21-27. Gerald L. Phillipe, GE pres., and Donald C. Power, GT&E chmn. & chief exec, officer, named among 10 recipients of Beta Gamma Sigma’s national honor award for members who best personify “integrity & accomplishment.” Ross Siragusa Sr., Admiral chairman, to represent consumer durables industry in panel on business outlook May 16 at 6th annual economic conference of National Industrial Conference Board at Waldorf Astoria, N.Y. George E. Shea, onetime GE, appointed Philco Consumer Products Div. distribution mgr., a new post. Ray V. Bruland, Collins Radio, and George Church, Bendix Radio Div., elected EIA’s rep & alternate, respectively, on exec, committee of Radio Technical Commission for Aeronautics. Martin Sugar named Bell TV chmn. & vp, succeeding Rrose Bunting, elected treas. ; Lee Bunting succeeds Sugar as pres. & gen. mgr. Kenneth W. Mabec, ex-Philco, named Sylvania disI tributors field sales mgr. for home entertainment products, I headquartering in Batavia, N.Y. Duncan C. Menzies, Servel pres., elected to Sonotone board; Irving I. Schachtel, Sonotone pres., reelected a dir. . . . James C. Sheenan, Westinghouse Credit Corp. operations vp, elected a dir. of Westinghouse subsidiary. Herbert H. Friedman, onetime CBS Electronics & former Electro Components founder & pres., joins Du Mont Labs’ Electronic Tube Div. as distributor sales mgr. Distributor Notes: Motorola names Appliance Distributors, Charleston (John Bailey, pres.; Charles Peele, sales mgr.) distributor for 30 South Carolina counties formerly served by Gas Engine & Electric • Sylvania Tube Div. appoints Everett H. Frost New England district sales mgr., succeding James W. Ritter, named assistant to renewal mktg. mgr. William T. Buschmann • TelePrompTer appoints Fines Sales Corp., Hialeah, Fla., sales rep in Florida for its Weathers hi-fi & stereo lines • Olympic Radio’s N.Y. sales branch, Olympic Appliances, Glendale, N. Y., names Bennett F. (Ben) Singer district sales rep, succeeding Jack Lee, resigned • Westinghouse has established district offices in Milwaukee (G. B. Williams, district mgr.) & Cincinnati (W. B. Compton, district mgr.). Other changes: C. R. Ross appointed mid-Atlantic regional mgr., headquartering in Phila., succeeding Leo M. Cronson who retires May 1 ; R. J. Bittner named Northwest regional mgr., Chicago hq, succeeded by W. C. Fortune as Chicago district mgr. GE is plugging Compactrons to TV manufacturers in trade ads, stressing long life, economy & cool operation of the multi-function tubes. Sylvania offers “Technical Report on Tunnel Diode Measurements” brochure, available gratis from Sylvania, 1100 Main St., Buffalo 9, N.Y. MORE RECORD QUARTERS: Magnavox & Zenith joined growing parade of first-quarter record breakers. Sales & earnings of both firms rose to new highs in 1963’s opening 3 months (see financial table). Magnavox earnings gained to $2.9 million from $2.4 million on 2% sales rise to $43.8 million. Zenith rang bell with 7% profit improvement to $5.1 million on 13% sales jump to $92.3 million. Magnavox consumer product sales climbed 16%, and sales of TVs & stereo hi fi “continue to outpace the industry trend,” Pres. Frank Freimann reported. Zenith set variety of records : Share of industry’s b&w TV sales, production & factory shipments of b&w TVs, distributor unit sales to dealers, production & factory shipments of radios. Chmn. Hugh Robertson emphasized that upbeat business is continuing, said April sales are running some $3 million ahead of April 1962. “Color TV contributed significantly to Zenith’s increased first quarter sales volume,” he said. “Distributor sales to dealers of Zenith color TV receivers during the period were approximately double the sales of a year earlier.” He also pointed out that consoles accounted for approximately 1/3 of Zenith’s first-quarter b&w TV unit sales — “a substantially higher percentage than the industry average.” Reports & comments: Avco, memo, Bache & Co., 36 Wall St., N.Y. 5 • Metromedia, analysis, J. W. Sparks & Co., 120 Broadway, N.Y. 5 • AT&T, comments, Walston & Co., 120 Broadway, N.Y. 5 • Erie Resistor, report, Fulton Reid & Co., 1186 Union Commerce Bldg., Cleveland 11 • Textron Electronics, review, Peter P. McDenuott & Co., 42 Broadway, N.Y. 4 • GT&E, pi’ospectus, Paine, Webber, Jackson & Curtis, 25 Broad St., N.Y. 4 • Sony Corp., prospectus. Smith, Barney & Co., 20 Broad St., N.Y, 5 • Schlumberger (Daystrom) and General Tire & Rubber ('..KO General), discussions, Shearson, Hammill & Co., 14 Wall St., N.Y. 5 • Arvin Industries, report, W. E. Hutton 6 Co., 14 Wall St., N.Y. 5 • Stewart-Warner, report, Pershing & Co., 120 Bi oadway, N. Y. 5; review. Sincere & Co., 231 S. La Salle St., Chicago 4 • Scripps-Howard Bestg., prospectus. The First Boston Corp., 15 Broad St., N.Y. 5 • Maremont Corp., prospectus, Georgeson & Co., 52 Wall St., N.Y. 5 • General Tire & Rubber, report, Schweickart & Co., 29 Broadway, N.Y. 4 • RCA, research study, Goodbody & Co., 2 Broadway, N.Y. 4; analysis, A. M. Kidder & Co., One Wall St., N.Y. 5 • Sprague Electric, discussion, Auchincloss, Parker & Redpath, 52 Wall St., N.Y. 5 • Fairchild Camera & Instrument, report, Amott, Baker & Co., 150 Broadway, N.Y. 38. • Electronics Capital Corp., brochure. Electronics Capital Corp., 1400 Fifth Ave., San Diego 1 • Oak Mfg., analysis, Gude, Winmill & Co., One Wall St., N.Y. 5 • Motorola, comments, Purcell & Co., 50 Broadway, N.Y. 4 • Crowell-Collier, prospectus, Carl M. Loeb, Rhoades & Co., 42 Wall St., N.Y. 5 • GT&E, report, Janney, Battles & E. W. Clark, 1401 Walnut St., Phila. 2 • Clevite, report, Francis I. DuPont & Co., One Wall St., N.Y. 5. GE stock is owned by more than 515,000 individual shareholders, including nearly 100,000 of company’s 250,000 employes. Of 105 million authorized GE common shares, 89 million are outstanding. GT&E has filed FCC application for authorization to purchase stock in Communications Satellite Corp.