Broadcasting Telecasting (Jul-Sep 1962)

approved by the FCC last v:eek {for other commission activities see For The Record, page 70). I ■ WAPX Montgomen-, Ala.: Sold by Ralph M. AUgood and Grover Wise to Leon S. Walton. R. L. Vanderpool Jr. and James R. Plaisance for S 105,000. Mr. Walton owns KJET Beaumont, Tex., and "U'NOO Chattanooga, Term., and has interests in KANB Shreveport and KNILB Monroe, both Louisiana; Mr. Plaisance also has an interest in KMLB. Storer shares earn $1.48 for six months Storer Broadcasting Co. reported earnings after taxes for the six-month period ending June 30 as SI. 48 per share, up from S0.82 in the same period a year ago. Storer net income after taxes was 53,618,366 as compared to $2,032,501 for the same period last year. Profits included a net capital gain of 5912,863 as a result of Storer s sale of W^^'A Wheeling, W. Va., to Ira Herbert and associates for 51.3 million last January. Storer ovras ^^7BK-AM-T\' Detroit. Wr^'-AM-T\^ Cleveland. WSPD-AMT\' Toledo. WTTI-TV Milwaukee. WAGA-T\^ Atlanta, WTBG Philadelphia. WGBS Miami, WHN New York, and KGBS Los Angeles, as well as the Miami Beach Sun Pubhshing Co. 'Journal' buys 'Sentinel' The Mihvaukee Journal last week bought the 125-3'ear-old Milwaukee Sentinel from Hearst Corp. The Sentinel, a morning and Sunday newspaper with a circulation of 192,167 daily and 218.749 Sunday, has been in a dispute with the American Newspaper Guild and has not published since May 27. Milwaukee Journal president and publisher Irwin Maier said the Sentinel would be continued as a separate newspaper with its own editorial staff but that its operations would be moved into the Journal building. The Journal owns WTMJAM-FM-TV in Milwaukee: Hearst owns WISN-AM-FM-T\' there. No price was announced for the acquisition. PGW Minneapolis branch Peters, Griffin, Woodward Inc., New York, has opened a branch office in Minneapolis, with John J. Cameron in charge. Mr. Cameron was formerly a film program salesman with MCA and Ziv. The office is located in the First National Bank Building (Suite 1710). Telephone: 333-2425." PGW in recent weeks has opened an office in Philadelphia and made sales and other staff additions in Chicago and New York, NBC call changes NBC last week asked the FCC for authority to change the call letters of the network's owned stations in San Francisco and Los Angeles. The network, which has an am-fm in San Francisco and a tv only in Los Angeles, wants the Los Angeles call letters changed from KRCA to KNBC (TV). The San Francisco stations, now KNBC AM FM, would be changed to their original call letters, KPO-AM-FM. The KPO designation will require a waiver of FCC rules, which currently prohibit the assignment of three-letter calls. If the commission approves the plan, NBC will drop the KRCA calls altogether. according to H. Preston Peters, president. CBS Chicago sales office The opening of a midwestem sales promotion and research department in the Chicago office of CBS Television Stations National Sales Aug. 1 has been announced by William R. Hoh mann, director of sales promotion and research. David Mink, a presentation writer in the New York office of CBS Television Stations National Sales, will become midwestern manager of sales promotion and research. Sandeberg/Gates, Hall merge in San Francisco Jim Gates, formerly of Sandeberg/ Gates & Co., San Francisco, and Theo. B. Hall, West Coast station representative, jointly announce a merger of their resources in the establishment of Gates ' Hall Inc., San Francisco. The announcement notes the dissolution of Sandebera 'Gates and Theo. B. HaU & Co. Hubbard Broadcasting Co. Stanley E. Hubbard, president and 629c owner of radio-tv stations in Florida, Minnesota and New Mexico, announced last week that the corporate name of the group's licensees has been changed to Hubbard Broadcasting Inc. The stations, formerly licensed to KSTP Inc.. include KSTP-AM-T\' Minneapolis-St. Paul, KOB-AM-TV Albuquerque and WGTO Cypress Gardens, Fla. No change in ownership is involved. "I believe voii would be makino; a mistake going into broadcasting ownership." (. . . thij is an actual sentence from a letter written by one of our associates to a man with $50,000.00 to place as a down payment on a radio station.) After reviewing his qualifications and interests, we gave him our honest opinion of his chances of successfully o\\Tiing and operating a radio station. Our concern as station brokers extends beyond that of just making a sale. It has to be a good sale from the standpoint of both buver and seller! AND ASSOCIATES, INC. John F. Hardesty, President tS^^i^fha'J '^:ty^i€yf '6iier<f/ t^//ef/f '<e ^/'C^e^d. NEGOTIATIONS • APPRAISALS • FINANCING OF CHOICE PROPERTIES WASHINGTON, D. C. CHICAGO DALLAS SAN FRANCISCO Ray V. Hamilton Richard A. Shaheen Dewitt Landis John F. Hardesty 1737 DeSaies St., N.W, John 0. Stebbins 1511 Bryan St. Don Searie Executive 3-3456 Tribune Tower Riverside 8-1175 111 Sutter St. Warren J. Boorom DEIaware 7-2754 ioe A. Oswald EXbrook 2-5571 New York New Orieans BROADCASTING, July 23, 1962 53