Broadcasting Telecasting (Jul-Sep 1960)

STATIONS FOR SALE Co. of Atlanta Inc. for $1.6 million. Esquire Broadcasting is subsidiary of Esquire Magazine. ■ WAKE Atlanta, Ga., and WYDE Birmingham, Ala., sold by Bartell Broadcasters to former New York broadcasters Ira Herbert and Bernice Judis. Sales price for WAKE was $500,000; for WYDE, $525,000. Both included $80,000 for agreement not to compete for five years within 50 miles ! of stations. Commissioner Robert T. Bartley dissented. ■ KKSN Grand Prairie, Tex.: Sold by John L. Buchanan to Robert W. Rounsaville for $301,000 and agreement not to compete within 50 miles for five years. Mr. Rounsaville is principal of Rounsaville stations which comprise WCIN-AM-TV Cincinnati, WLOU and WTAM-TV Louisville, WATL-TV Atlanta, WTMP Tampa, WMBM South Miami, WYLD New Orleans and WVOL Berry Hill (Tenn.). Mr. Rounsaville sold WQXI Atlanta to Esquire (see above). Grant was conditioned on outcome of inquiry regarding sponsorship identification. Commissioner Robert T. Bartley dissented. ■ KBUY Amarillo, Tex.: Sold by Worley & Sanders Broadcasters to Radio KBUY Inc. for $250,025. Giles E. Miller, president of Radio KBUY Inc., has interest in KOKE Austin, Tex. Commissioners Robert T. Bartley and Robert E. Lee dissented. ■ WJRD Tuscaloosa, Ala.: Sold by Wilhelmina Q. Echols to John C. Cooper Jr., manager of WJRD, for $205,000. New consultant firm Formation of new radio consultancy, Maurice Jackson Organization in Columbus, Ohio, was announced last week. Mr. Jackson has been in broadcasting for past 25 years in both performing and sales capacities, most recently with WTVN (TV) Columbus and before that with number of radio and tv stations in the Midwest and South. His firm will assist stations in designing both programs schedules and sales policies, with special emphasis in the area of service programming. Headquarters are at 3073 Edgefield Road, Columbus. EDITORIAL SURVEY More tv outlets are speaking their minds Nearly a third (30%) of tv stations are editorializing, according to a survey conducted by NAB's Television Information Office. Results were submitted at a Sept. 14 meeting of the NAB Editorializing Committee in Washington. Four projects designed to develop editorializing by stations were adopted by the committee. Co-chairmen are Joseph E. Baudino. Westinghouse Broadcasting Co., and Daniel W. Kops, WAVZ New Haven, Conn. The committee projects include: ■ Compilation of a file of case histories showing what individual stations accomplish when they editorialize. ■ Updating and revision of the NAB publication. Editorializing on the Air, to reflect latest developments and to show techniques. ■ Frequent mailing of editorializing aids to member stations. ■ Compilation of a list of problems faced by editorializing stations. The NAB staff was instructed to study plans for an industry seminar on broadcast editorializing. Richard M. Allerton, NAB research manager, submitted a radio editorializing survey conducted by his department in a study of radio news. The survey will be made available in October. The committee adopted a resolution extending sympathy to the widow of Alex Keese, WFAA-AM-TV Dallas. Mr. Keese was co-chairman of NAB's first Editorializing Committee. Attending the committee meeting. Newest among the leaders serving America's greatest radio market! More audience per dollar than any other jeading radio station in greater Los Angeles! EASTERN TV-VHF STATION IN SOUTH — affiliated with top network. Plant investment approximately three quarters of a million dollars. Current cash throw-off over $300,000.00 annually. National and local sales growing. Total price $2,200,000.00 with terms. On right kind of deal will entertain exchange of stock for listed stock. Hamilton-Landis & Associates, Inc. handling this property exclusively, but are limited in our negotiations to qualified buyers only. Sellers will arrange to meet with authorized officers of other companies interested in discussing exchange of stock transaction. WASHINGTON, D.C. 1737 DE SALES ST., N.W. EXECUTIVE 3-3456 RAY V. HAMILTON JOHN D. STEBBINS MIDWEST Midwest major market fulltimer. Top billings in market. Extensive real estate. Price slightly above annual gross at $450,000.00 all cash. Wisconsin fulltimer will gross at least $90,000.00 1960 and show good return. It is a single station market. There is valuable real estate. Extremely good terms can be had. The price is $140,000.00 for the physical assets with 29% down payment. Midwest fulltimer in distress. Owner forced to sell. Price and terms have become quite flexible. This is a good facility in a good market which is not over-radioed. A $35,000 to $40,000.00 down payment will likely handle this deal. Midwest metropolitan — valuable property — long record of earnings — religonal operation — $750,000.00. $150,000.00 down and terms 7-8 years to financially qualified operator. CHICAGO 1714 TRIBUNE TOV/ER DELAWARE 7-2754 RICHARD A. SHAHEEN SOUTHWEST WEST TEXAS DAYTIMER— $90,000.00, $30,000.00 down, liberal terms on balance. Single station market, billing better than $60,000.00 per year. Owner-manager can net $2,500 per month with this one. DALLAS 1511 BRYAN ST. RIVERSIDE 8-1175 DEWITT 'JUDGE' LANDIS SOUTH Fulltime radio station grossing in excess of $100,000.00 annually and breaking even under absentee ownership. Priced for fast sale at total of $120,000.00 with possibility of term payout. SAN FRANCISCO 1 1 1 SUTTER ST. EXBROOK 2-5671 JOHN F. HARDESTY BROADCASTING, September 19, 1960 Hamilton-Landis & Assoc., inc. NATIONWIDE BROKERS RADIO & TELEVISION STATIONS • NEWSPAPERS NEGOTIATIONS • APPRAISALS '^• FINANCING