Broadcasting Telecasting (Jul-Sep 1959)

STATE SCANDAL! Illinois State Auditor is proven guilty of fraud and embezzlement! — The Chicago Daily News ONE OF 39 EXCITING EPISODES! DISTRIBUTED BY FLAMINGO TELEFILM SALES, Inc. 221 W. 57 ST. • N. Y. 19, N. Y. • JU 6-7040 26 WEEKS OF FREE PUBLIC SERVICE RELIGIOUS PROGRAMMING For Radio and TV Stations Two series of 13-week, 15-minute programs featuring inspirational music and messages on "The Ten Commandments" and "The Lord's Prayer" ... A public service for Radio and Television stations . . . Non-Denominational . . . Without emotional appeals and commercialism for the mature spiritual and cultural needs of all communities. [-------■CLIP and MAII_.------i J The Back to God Hour , 10858 S. Michigan Ave., Chicago 28, III. I Gentlemen: I Send Me □ TV Audition print □ Radio tape • I I I I J Name J I Address I I ^City_ porting directly to William B. Tallant, national merchandising administrator. • Alexander Buttice, producer-director at AJay Films, Long Island, N.Y., appointed radio-tv director, Crusade for Freedom's public information department. • William F. Broidy, 44, head of William F. Broidy Pictures Corp. and producer of films for theatres and tv, including Wild Bill Hickok series, died July 14 in Hollywood. His brother is Steve Broidy, president of Allied Artists. • Don Medford, Stuart Rosenberg, Arnold Laven and Joseph H. Lewis signed by Four Star Films, L.A. to direct segments of Robert Taylor's Detectives, new tv series. • John (Bud) Palmer, sports commentator, named director of sports department of Globe-Video Newsreel, N.Y. Equipment & Engineering • William Olander, formerly with Bell Telephone Labs., Murray Hill, N.J., to Needham Materials Lab., RCA semiconductor and materials division, Needham Heights, Mass., as leader of technical staff. International • Hugh Carleton Greene, director of news and public affairs of British Broadcasting Corp., named director general succeeding Sir Ian Jacob who retires at end of year. o Michael Hicks, formerly of MacLaren Adv. Ltd., Toronto, Ont., named managing director of BBDO, Toronto, succeeding Les F. Chitty, who remains as liaison between New York and Toronto offices. • Evan Walter Hayter, 48, president of McCann-Erickson (Canada) Ltd., Toronto, died July 11. Mr. Hayter had been marketing and advertising manager of Goodyear Tire & Rubber Co. of Canada. W. R. Wright, formerly director of advertising and pr of Canadian National Railways, succeeds Mr. Hayter. J. M. Reeve, formerly manager of agency's Montreal office, named executive vp of M-E Ltd. K. U. Lunny, formerly Canadian manager of Donahue & Coe, succeeds him. EQUIPMENT & ENGINEERING -Zone State RCA'S NET PROFITS JUMP 44% $19.4 million reported for '59 first half RCA boosted its sales to $633.7 million in the first half of 1959, 17% over the 1958 level, and net profits after federal income taxes rose 44% to $19.4 million, it was announced last week by David Sarnoff, RCA board chairman and John L. Burns, president. After allowances for preferred dividends, earnings per share were reported 50% higher than in the 1958 six-month period (to $1.29 from 86 cents). Sales during the second quarter of 1959 were placed at $311.9 million compared with $264.2 million in the comparable 1959 period. Net profits after federal income taxes totalled $6.5 million, as against $4.5 million for the same period last year. Common share earnings in the three months ended last June 30 were reported at 41 cents a share, compared with 27 cents in the corresponding 1958 period. The consolidated statement of income follows: 1959 1958 For the six months ended June 30 Products and services sold $633,700,000 $542,600,000 Cost of products and services sold and other operating costs 594,900,000 515,600,000 1959 1958 Profit before federal taxes on income 38,800,000 27,000,000 Federal taxes on income 19,400,000 13,500,000 Net profit for the six months 19,400,000 13,500,000 Preferred dividend 1,600,000 1,600,000 Balance for common stock 17,800,000 11,900,000 Earnings per share of common stock .86 1.29 For the quarter ended June 30 Products and services sold 311,900,000 264,200,000 Cost of products and services sold and other operating costs 298,900,000 255,200,000 Profit before federal taxes on income 13,000,000 9,000,000 Federal taxes on income 6,500,000 4,500,000 Net profit for the quarter 6,500,000 4,500,000 Preferred dividend 800,000 800,000 Balance for common stock 5,700,000 3,700,000 Earnings per share of common stock .41 .27 £8 Net profits reported above are necessarily based in part on approximations and are subject to audit and year-end adjustments. BROADCASTING, July 27, 1959