Broadcasters’ news bulletin (Jan-June 1932)

Record Details:

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s 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 ?