Broadcasting Telecasting (Jul-Sep 1960)

The quality man A new type of station executive, designated quality manager, has been set up at WRPB Warner Robbins, Ga. This executive is responsible for adherence of all programs to FCC, NAB and Federal Trade Commission requirements as well as the station's own standards. He is expected to bring about constant upgrading of all programming and production. Some of the program director's functions are included in the position, such as supervision and improvement of the spoken word in writing and delivery, quality of music and production standards. The quality manager will be familiar with all federal regulations and industry standards, sponsor response and civic needs. He will try to strengthen the station's position in the community in terms of prestige, listenership and commercial success. Back of the new position was the station's feeling that it would help meet recent criticism against broadcasting, according to Edgar M. Nobles, WRPB president. Washita Valley Broadcasting Co. to Bayard C. Auchincloss for $150,000 and agreement not to compete. Mr. Auchincloss is a private high school teacher. ■ WTYM East Longmeadow, Mass.: Sold by Springfield Broadcasting Co. to Executive Broadcasting Co. (Stanley Ulanoff, president) for $140,000. Mr. Ulanoff is in wholesale packaging materials. ■ WDAN-TV Danville, 111.: Sold by Gannett Publishing Co. to Plains Television Corp. for $75,000. Plains is a combination of H. & E. Balaban Corp., midwest theatre owners, and Transcontinental Properties Inc. (Herbert Scheftel, Alfred Burger and associates). Plains owns WICS (TV) Springfield and WHCU (TV) Champaign, both Illinois. Balaban group also owns 50% of WTVO (TV) Rockford, 111.; 50% of WMCN (TV) Grand Rapids, Mich.; WBMG Birmingham. Ala., and holds one-third interest in WIL St. Louis, Mo.; WRIT Milwaukee, Wis., and KBOX Dallas. Tex. Sale includes lease and service agreement for studio, transmitting and office space for five years at $1,500 per month. Commissioner Robert T. Bartley dissented. a WPTT (TV) Augusta, Me.: Construc tion permit sold by Richard S. Robie Sr. to President and Trustees of Bates College for $6,000. Commission conditioned sale to such action it may take as a result of pending petition by the U. of Maine, Orono, Me. for rulemaking relating to ch 10 in Augusta. Bates College will use the station as a non-commercial etv. Rollins registers stock with SEC Rollins Broadcasting Inc., multiple station owner, last week filed a statement with the Securities & Exchange Commission to register 110,000 shares of common stock, part of the proceeds to be used for further expansion. The Wilmington, Del., corporation owns and operates six am stations and two vhf tv outlets, with an application pending at the FCC to purchase WCHSAM-TV Charleston, W.Va., for $2,598,000. The statement shows that in the year ending April 30, 1960, Rollins' radio revenues reached $2,516,575; tv revenues were $1,244,436 for net earnings of $780,649 or 96 cents per share. This compares with 1959's figures of radio revenues of $2,121,149; tv revenues of $552,074 and net earnings of $286,610 or 34 cents per share. The 1960 tv figure was boosted by acquisition of WPTZ-TV Plattsburgh, N.Y.-Burlington, Vt., and earnings per share that year were affected by property sale, but the rise in profits is still substantial. O. Wayne Rollins is president, treasurer and a director of the corporation and owns 70.6% of the outstanding stock. He was the only officer or director who received remuneration of more than $30,000 during the 1960 fiscal year, according to the statement. His salary was $117,157. Henry B. Tippie is vice president and a director; Madalyn P. Copley is vice president and secretary and John W. Rollins, brother of O. Wayne Rollins, is a director and owns the remaining 29.4% of outstanding stock. The statement breaks down the businesses the stations bring in from local, national spot and network advertising: Tv Radio Combined 53.4% 74.7% 67.8% Local National spot 29.0 25.3 Network 17.6 — 26.4 5.8 Rollins' radio stations have no network affiliation. Of the 110,000 shares of stock being offered, 75,000 are for the account of the company and 35,000 are outstanding shares now held by John Rollins. F. Eberstadt & Co., New York is STATIONS FOR SALE NORTHEAST Eastern daytimer doing $100,000.00 will sell for $140,000.00. 29% down, 5 years pay-out, much less for cash. WASHINGTON, D.C. 1737 DE SALES ST., N.W. EXECUTIVE 3-3456 RAY V. HAMILTON JOHN D. STEBBINS MIDWEST Midwestern fulltime station in medium sized market. This station had a 33% cash flow in 1959 and will equal that in 1960. The price is $150,000.00 with 29% down. Terms available. This market is extremely rich and offers good potential. CHICAGO 1714 TRIBUNE TOWER DELAWARE 7-2743 RICHARD A. SHAHEEN SOUTHWEST One-kilowatt fulltimer in single station market. $40,000 net quick assets and $50,000 in real estate. Beautiful building, fully equipped. $215,000.00, $100,000.00 down, 6 years to pay. This station is operating at a substantial profit with 70% of its business on annual contracts. 250-watt fulltimer, single station in rich West Texas market, owns valuable land at transmitter site. $125,000 with 29% down and five years at 6%. This station hos a long history as a good money maker. DALLAS 1511 BRYAN ST. RIVERSIDE 8-1175 DEWITT 'JUDGE' LANDIS WEST Daytime-only California radio station in city over 20,000 population. Grossing $5,000 monthly and breaking even under absentee ownership. $75,000.00 totally with $10,00.00 down and easy terms. Excellent investment for owner-operator. SAN FRANCISCO 111 SUTTER ST. EXBROOK 2-5671 JOHN F. HARDESTY HAMILTON-LANDIS& Assoc., IHC. NATIONWIDE BROKERS RADIO & TELEVISION STATIONS • NEWSPAPERS NEGOTIATIONS • APPRAISALS • FINANCING BROADCASTING, August 1, 1960 79