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 #:
000242
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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12— TELEVISION DIGEST MAY 13, 1963 Financial Reports of TV-Electronics Companies These are latest reports as obtained during the last week. Dash indicatca the information was not arailable at press time. Parentheses denote loss. Company Admiral Story below Clevite CBS Inc. Decca Records Disney Productions Friendly Frost Gross Telecasting HofFman Electronics Story p. 1 1 International Rectifier ITT Meredith Publishing Minnesota Mining & Mfg. Motorola Story below National Co. National Union Electric Reeves Bcstg. & Development Standard Kollsman TelePrompTer Warner Bros. Period Sales 1963 — qtr. to Mar. 31 1962 — qtr. to Mar. 31* 1963 — qtr. to Mar. 31 1962 — qtr. to Mar. 31 _ 1963 — qtr. to Mar. 31 1962 — qtr. to Mar. 31 1963 — qtr. to Mar. 31 1962 — qtr. to Mar. 31 1963— 6 mo. to Mar. .30 1962 — 6 mo. to Mar. 30 1963 — year to Jan. 31 1962 — year to Jan. 31 196.3— qtr. to Mar. 31 1962 — qtr. to Mar. 31 1963— qtr. to Mar. .31 1962 — qtr. to Mar. 31 1963 — 9 mo. to Mar. 31 1962 — 9 mo. to Mar. 31 1963 — qtr. to Mar. 31 1962 — qtr. to Mar. 31 1963 — qtr. to Mar. 31 1962 — qtr. to Mar. 31 1963 — 9 mo. to Mar. 31 1962 — 9 mo. to Mar. 31 1963 — qtr. to Mar. 31 1962 — qtr. to Mar. 31 1963 — qtr. to Mar. 31 1962 — qtr. to Mar. 31 1963 — qtr. to Mar. 31 1962 — qtr. to Mar. 31 $ 49,907,686 $ 48,309,910 2'5,275,052 25,972,229 141,213,861* 131,967,395 _ 32,241,856 32,643,281 28,531,478 29,273,895 634,950 549,182 8,852,355 12,234,879 13,497,881 12,850,172 4,723,483 5,101,371 270,867,548* 241,964,362 54.449.000 52.845.000 172,18.5,132 161,685,673 80,590,096* 77,017,162 1,7.36,1.56 2,389,666 1963 — qtr. to Mar. 31 1962 — qtr. to Mar. 31 1963 — qtr. to Mar. 31 1962 — qtr. to Mar. 31 1963 — -qtr. to Itlar. 31 1962 — qtr. to Mar. 31 1962 — year to Dec. 31 1961 — year to Dec. 31 1963 — 6 mo. to Mar. 2 I 1962 — 6 mo. to Mar. 2 9,059,626 9,318,768 1,297,559 1,126,481 18,020,000 23.436.000 5,431,930 4,921,319 47.941.000 40.901.000 Pre-Tax Earnings 1,560,813 $ 1,357,446 5,343,556 5,211,065 1,243,055 1,838,495 376,452 722,142 26,130,062 23,840,131 3,199,148 5,148,654 (23,202) 79,711 179,792 24,452 Net Earnings Per Common Share Common Shares 784,545 $0.32 2,423.161 509,957 .21 2,423,161 1,450,690 1,852,350 10,175,001 8,073,780 .75 I 1,900.000 .96 1,893,000 1.11 ' 8,889,9.32 .88 8,896,813 983,611 .64 1,527,401 2,135,858 2,576,556* 2,425,065 (610,406) 300,943 1.66 1.49 1.45 .32 163,841 138,898 .11 .35 3,739 183,085 677,687 937,630 167,318 382,287 .28 .39 .07 .16 1,285,701 1,725,049 1,674,804 937,620 937,620 440.000 400.000 1,538.888 1,537,312 2,414,.542 2,414,542 2,414,542 2,414,542 9,407,958* 8,181,921 1,919,571 2,413,174 19,616,006 18,974,652 1,356,667 2,455,944 (45,102) 51,831 242,777 348,507 82,739 14,952 265,456 805,381 55,957 (884,604) 3.927.000 4.074.000 .56’ 16,646,640 .49* 16,404,626 1.44 1,331,212 1.81 1,32.3,866 .38 ^37 .34 .61 .04 .06 .06 .01 .12 ■36 .07 TP .84 52,064,535 51,754,142 4,030,282 4,028,652 804.246 802,779 5,747,479 5,747,479 1,408,893 1,408,893 2.245.301 2.245.301 748,090 738,410 4.837.052 4.830.052 Notes: 'Restated to exclude subsidiary Admiral Italiana, closed at end of 1962 (Vol. 3:13 pll). * Record. • After preferred dixndends. MORE FIRST QUARTERS: Admiral & Motorola opened 1963 with quarterly performances at variance with their 1962 showing. Admiral, which suffered 1962 profit decline (Vol. 3:12 pll), increased first-quarter earnings to $784,545 from $509,957 a year earlier on sales rise to $49.9 million from $48.3 million (see financial table). Motorola, riding 28% profit jump in 1962 (Vol. 3:11 pll), experienced 45% profit slide in first quarter to $1.4 million from $2.5 million despite 4% sales gain to record $80.6 million from $77 million. Admiral’s civilian business more than offset lower military volume. Pres. Vincent Barreca reported. Color TV unit sales mushroomed more than 100% from a year ago, and stereo radio-phonograph combinations posted “substantial increases” in sales. Radio sales slipped some 2%. Motorola attributed its profit decline to color tube development costs & expense of marketing new semiconductor products. Pres. Robert W. Galvin said 23-in. rectangular color tube project already has cost Motorola & National Video more than $4 million. “Our endeavor to produce this tube,” he said, “is reaching the point of decision.” Despite certain continuing “extraordinary costs” on the color tube & semiconductor devices, he added, “we expect earnings in the 2nd quarter to approach more closely the year-earlier level.” Sales & earnings in 3rd quarter “should exceed” 1962’s like period & total 1963 sales “should set a record.” Galvin said 2nd-half profits should be “creditable.”