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DIGEST 0? REPORT OF FRO (Continued)
Chain Companies
National Broaicastinr Company (NBC)
Columhia Broedcastin-'' System (CBS)
Shepard Broadcasting;: Service (Yankee Netv/ork)
The fi^jures reported "by the stations
Actual Invested Capital
$6,193,670.16
4,527.459.12
313.074.02
TOTAL $11,034,203.30
and chains ae:(-’ref7ate $47,879,249.24.
Gross receipts reported for individual stations varied from a few hundred dollars to ^ver $1,500,000, $38 , 46l , 302 .4l for 525 stations for last
year. Gross a ivertisin.'-' revenue was reported for chain companies as follows:
NBC, $25,895,959-34: Co^umhia, $11,621,424.31; Don Lee Inc. $999 ,'832 .79: and Yankee Network, $779,529-9^, or a total of $39,296,746.38.
The receipts thus reported for sinyle stations plus gross advertising revenue re¬ ported hy chain companies are together $77, 75S, 048 . 79 •
Expenditures for the year were reported in the following ta'ble:
571 Individual
Item Stations Chain Companies Tota.!
Talent & Programs Retprlar Employes Equipment Other Expenditures TOTAL ......
$10,259,022.29
12,003,945.09
3,364,392.67
11.726.722.63
$37,354,082.68
$ 9.900.633.78 4,880,491.82
1.360,775-56
24,499.421.84
$40,641,323.00
$20,159,656.07
16,884,436.91
4,725,168.23
36,226,144.47
$77,995.^05.68
"For individual stations separate statements v/ere obtained of profit or loss, to be computed without counting depreciation as an expense," the report said. "Profits thus computed were reported for 333 stations aggregating $5,451,717-05 and varying from $13-94 to $376,279-00 for particular stations. Losses similarly computed were reported for ISO stations, aggregating $2,200,743-76 and varying fi'om $22.50 up to $178,535-72 in the case of a company operating tv/o stations."
Many tables were given showing different breakdown of the general statis¬ tics.
8. SINCE EDUCATION 13 A PUBLIC SERVICE PAID FOR BY THE TAXES OF THE PEOPLE Al'^D THEREFORE THE PEOPLE HA\^ d RIGHT TO HAVE COI^LETE CONTROL OF ALL THE FACILITIES OF PUBLIC EDUCATION, WHAT RECOGNITION HAS THE COMISSION GIVEN TO THE APPLICATION OF PITBLIC EDUCATIONAL INSTITLLTIONS ?