Broadcasting Telecasting (Apr-Jun 1961)

previous $1,500 to $1,200. One time one minute spot rate drops from $340 to $250. Time Inc. acknowledged the financial impact of the affiliation loss to WTCN-TV in a footnote to its 1960 financial report (Broadcasting, April 10). Quarterly quarter ■ American Broadcasting-Paramount Theatres Inc., N. Y., last week declared a second-quarter dividend of 25 cents per share on common stock and the same on preferred, payable June 15 to holders of record May 19. 'Yanqui, yes!' ■ WRUL New York, international short-wave radio station, last week started to broadcast in Spanish a schedule of 8 1 home games of the New York Yankees to the Caribbean area, Mexico, Central America and Venezuela. Networks get ready for directors' strike The deadline for contract negotiations between the Directors Guild of America and the radio-tv networks was set for midnight last Friday (April l4). Network officials were hopeful of a settlement but said they are prepared to maintain operations if DGA calls a strike. The key issue is DGA's demand for a change in the method for payment of directors on live or taped tv shows. Now they are paid $190 weekly minimum, plus commercials fees for working on sponsored shows. The Guild's proposal would eliminate staff directors and place them under a free-lance contract, whereby they would be paid $630 a week and guaranteed 23 out of 26 weeks of employment. It was reported that under such a scale there would be no extra payment for overtime and no limit on the number of hours or days a director could work in a week. Approximately 900 guild members are covered by network contracts. The networks have rejected the proposal, claiming it is "unworkable" in tv, a network source said. Their attitude is that the DGA plan would impose "A motion picture concept" on tv. PAB host to congressmen The Pennsylvania Assn. of Broadcasters will hold its second annual breakfast for members of the Pennsylvania congressional delegation tomorrow (April 18) at the Congressional Hotel in Washington. Milton Bergstein, WMAJ State College, Pa., president of PAB, and John S. Booth, WCHA Chambersburg, chairman of the broadcast committee, will head a delegation of about 25 broadcasters. An equal number of members of the Senate and House from Pennsylvania have accepted. I isi [ r ! ( \ — -\_ ■ K CHICAG \ f * R ST !_( I ^ OFFieESS This territory is IMPORTANT This territory is ACTIVE This territory is DEMANDING That's why 4 of Weed's 14 offices are located here. Only direct face-to-face salesmanship and constant servicing can produce maximum results in the Central U.S. Wherever a buying decision is made.. MED man IS THERE! STATIONS FOR SALE EAST— $300,000 Nationally known fulltime station in one of North Carolina's top markets, fine opportunity, asking $300,000. WASHINGTON, D. C. 1737 DE SALES STREET, N.W. EXECUTIVE 3-3456 RAY V. HAMILTON JOHN D. STEBBINS SOUTH— $250,000 MAJOR MARKET FULLTIMER In one of the most beautiful and fastest growing markets — grossing over $150,000 yearly and constantly increasing. A good money-maker, good equipment, valuable real estate, serving over 200,000 people, well accepted, good music station. DALLAS 1511 BRYAN STREET RIVERSIDE 8-1175 DEWITT "JUDGE' LANDIS JOE A. OSWALD MIDWEST— $63,000 Semi-suburban property just right for owner-operator. Priced realistically at $63,000 with good terms. CHICAGO 1714 TRIBUNE TOWER DELAWARE 7-2754 RICHARD A. SHAHEEN WEST COAST— $135,000 Fulltime northwest radio station with good frequency and power. Heavy fixed assets including land and building go with sale. I960 cash flow in excess of $30,000. Total price $135,000 with 29% down and long term on balance. SAN FRANCISCO 1 1 1 SUTTER STREET EXBROOK 2-5671 JOHN F. HARDESTY DON SEARLE— Los Angeles NATIONWIDE BROKERS RADIO & TELEVISION STATIONS • NEWSPAPERS NEGOTIATIONS • APPRAISALS • FINANCING BROADCASTING, April 17, 1961 53