Broadcasting Telecasting (Oct-Dec 1962)

New Metro Broadcast Sales appointments METROMEDIA UNIT OPENS HEADQUARTERS IN NEW YORK KTLN Denver, Colo. KRIZ operates on 250 w fulltime on 1230 kc. Broker is Hamilton-Landis & Assoc. ■ KSTB Breckenridge, Tex.: Sold by Hugh M. McBeath to Frank Junell and associates for $60,000. Mr. Junell has interests in KBYG Big Spring and KNIT Abilene, both Texas. Daytimer KSTB is on 1430 kc and operates with 1 kw. Transaction was handled by Hamilton-Landis & Assoc. APPROVED ■ The following transfer of station interests was among those approved by the FCC last week {for other commission activities see For The Record, page 95). ■ KVOG-TV Ogden, Utah: Sold by Arch G. Webb and associates to Board of Education of Ogden City for $170,000. Station, on ch. 9, suspended operation on Jan. 16. It will now be operated as a non-commercial, educational station. $500,000 in loans set for Wyoming catv firm Wentronics Inc., a catv system firm with headquarters in Casper, Wyo., has arranged for loans totaling a half million dollars for further acquisition of systems in the Rocky Mountain region. Central Investment Corp., a Denver lending institution, has agreed to provide $250,000 at 1Vi% interest with maturities ranging from two to seven years and with warrants to purchase 17% of the common stock of Wentronics. The First National Bank of Casper has committed an equal amount on a long-term basis. The firm operates catv systems in Casper and at Independence, Kan. The Casper system was started in 1953 and has more than 4,200 monthly subscribers. The Independence system began operations in January 1962. A portion of the Central Investment Corp. loan will be used to make improvements on the present Casper system. Outlet Co. revenues up The Outlet Co., Providence, R. I., department store which owns WJARAM-TV there, had total revenues of $8,142,373 for the six months ended July 28, compared to $8,118,119 for the same period last year. Revenues from broadcasting (less expenses), service charges and other sources totaled $1,1 1 1,063, the company reported. Net income after federal taxes for the half-year was $336,347, compared to $304,341 for the same period in 1961. The board of directors declared a dividend of 25 cents per share, payable Nov. 1 to stockholders of record at the close of business Oct. 19. New staff appointments by Metro Broadcast Sales, the station representation unit of Metromedia Inc., were announced last week by H. D. (Bud) Neuwirth, vice president and director. The announcements coincided with official opening of the sales firm's national headquarters at 3 E. 54th St., New York. Mr. Neuwirth said the operating staff now totals 32 sales executives in New York headquarters and six regional offices: Philadelphia, Chicago, Detroit, St. Louis, San Francisco and Los Angeles. Appointments included: Headquarters — Lawrence P. Fraiberg, assistant to Mr. Neuwirth. Television Dept. (New York) — William Carpenter, Thomas Hardy, Charles (Bud) Meehan, Gerard Mulderrig, Norman Taylor and Douglas Yates, account executives. The department is headed by John W. Doscher, eastern tv sales manager, whose appointment was announced previously. Radio Dept. — Robert V. Coppinger, New York office sales manager, supervises the department. His staff includes John T. Bray, Walter Cortese, Robert Goldsholl, George Ponte and Herb Weiss, account executives. Philadelphia office — LeRoy Rizor, account executive. Head of the office, at 19th and Walnut Sts., is William Dallman. Chicago — Richard Kelliher, midwest radio manager. Midwest tv manager, announced earlier, is Thomas Tilson. Office is at 400 N. Michigan Ave. Noyes (Skip) French, Robert Glaser, Carl Kiefel and Martin McAdams, television account executives. Gordon Copeland and Robert Williamson, radio sales executives. Detroit — Richard Janssen, account executive under manager William Lauer. Office is in the Fisher Building. San Francisco — Graham Moore, account executive under manager Richard Schutte. Office is at 155 Montgomery St. Los Angeles — Robert Jones, account executive under manager Richard E. Drummy Jr. Office is at 3600 Wilshire Blvd. George N. Diederich is manager of St. Louis office, at 915 Olive St. Metro Broadcast Sales represents all tv IT'S IVAB FALL CONFERENCE TIME! . . . and we urge you to make plans right now to attend the one scheduled nearest you. The agenda this year is chock full of subjects of vital interest to both radio and television station operators. You can not help but benefit from the open exchange of discussions these meetings offer. Additionally, these conferences will provide an opportunity for us to get together in the event you want to discuss the sale or purchase of a broadcasting property. We'll be represented at every meeting, so please look us up — starting at the Dinkier-Plaza Hotel in Atlanta next Monday. AND ASSOCIATES, INC. John F. Hardesty, President NEGOTIATIONS • APPRAISALS • FINANCING OF CHOICE PROPERTIES WASHINGTON, D. C. CHICAGO Ray V. Hamilton 1737 DeSales St., N.W. Executive 3-3456 Warren J. Boorom New York Richard A. Shaheen John D.Stebbins Tribune Tower DEIaware 7-Z754 DALLAS Dewitt Landis 1511 Bryan St. Riverside 8-1175 Joe A. Oswald New Orleans SAN FRANCISCO John F. Hardesty Don Searle 111 Sutter St. EXbrook 2-5671 BROADCASTING, October 8, 1962 33