Broadcasting Telecasting (Apr-Jun 1953)

DuMONT DEVELOPING COMPATIBLE 3-D DuMont Labs may demonstrate a compatible 3-D color TV system by year's end, President Allen B. DuMont tells stockholders at meeting. He predicts the firm's 1953 sales will top $100 million. Officers, directors re-elected. A COMPATIBLE 3-D system of color television is in the process of development by Allen B. DuMont Labs and may be demonstrated by the end of this year, President Allen B. DuMont told stockholders at their annual meeting last Monday at Clifton, N. J. On the subject of color TV — not 3-D color — he said DuMont engineers are not satisfied the system being developed by the National Television System Committee is "right" for the public, and reported it is his opinion that a long time will pass before a commercially practical system is approved by FCC. He said the NTSC system is too complex and the cost of the cathode-ray color tube too high. Although optimistic about prospect of early successful developments in DuMont's 3-D system, he stressed the company is not preparing to put this system forward now. Dr. DuMont said TV pictures could be received in four ways in the DuMont 3-D system: In black-and-white, in color, in 3-D color, and in 3-D black-and-white. He estimated the retail cost of a 17-inch color receiver at $600 to $700, and predicted a 3-D black-and-white set would be less expensive. In a summary of the company's overall business outlook, he said DuMont expects good business with record-breaking sales exceeding $100 million for the year. He cited the lifting of the freeze especially as giving impetus to DuMont transmitter, receiver, and cathode-ray tube sales. More than 20% of DuMont's total production this year will be in defense work, he estimated. In a board meeting, Dr. DuMont was reelected president of the company, along with Stanley F. Patten as vice president; Paul Raibourn, treasurer; Bernard Goodwin, secretary, and Irving Singer, assistant treasurer. Owners of Class A stock re-elected, as directors, Dr. DuMont, Mr. Patten, Dr. Thomas T. Goldsmith Jr., Percy M. Stewart, and Bruce T. DuMont, while holders of Class B stock (Paramount Pictures) re-elected Edwin L. Weisl, Barney Balaban, and Mr. Raibourn. After the board meeting, a regular quarterly dividend was announced. It is 25 cents per share on outstanding shares of 5% cumulative convertible preferred stock and is payable July 1 to preferred stockholders of record at the close of business on June 15. Mfr. Earnings Reported Up SURVEY of 1953 first quarter earnings of 411 corporations in 27 categories by the Wall Street Journal indicates four radio and television manufacturing corporations earned 178.8% more for this year's first quarter than for the similar 1952 period. While earnings for the 411 corporations increased an average 10%, the four radio and television manufacturers showed an increase from $1,329,000 in the 1952 quarter to $3,706,000 in 1953. AT&T Intercity Network Adds WLVA-TV; Total 134 ADDITION of WLVA-TV Lynchburg, Va., to AT&T intercity TV network facilities makes network programs available to 134 stations in 88 U.S. cities, AT&T reported last Monday. The company also said it was placing an additional southbound TV channel into service between Omaha and Dallas Tuesday, making possible two sources of networks programs to Tulsa and Oklahoma City. This 763-mile link also means the two TV stations in Dallas and outlets on side legs out of Dallas now have three program services available, since they can also receive one program from Jackson, Miss., it was pointed out. Hi-Fi Demonstrations Set DEMONSTRATION of high fidelity equipment will be conducted jointly by Mcintosh Lab. Inc. and Weathers Industries during a three-day showing in Chicago May 17-19. Demonstration will include a complete home sound reproduction setup in a typical living room setting. Audio engineers will discuss problems in connection with hi-fi system and answer questions on sound equipment. Showings will be held at the Graemere Hotel, and invitations have been mailed out by Frank Mcintosh, Mcintosh Lab., and Paul Weathers, Weathers Industries. A 4000 Per Cent Increase ! A local Chicago advertiser has advertised on WGN-TV exclusively for two years, and his business volume has increased more than 4000 Per Cent! Whether you're big or small, here is a success story that's hard to beat. Another example of the pulling power of WGN-TV — and another reason for making WGN-TV your Best Buy in Chicago. ftije Cfjtcago tribune {Eelebteion Station Broadcasting • Telecasting May 11, 1953 • Page 75