Broadcasting Telecasting (Oct-Dec 1962)

Trigg-Vaughn buys one station as another burns It was one up, one down, for Trigg-Vaughn last week. The one up is KITE San Antonio, Texas, which T-V is purchasing for $600,000, the FCC permitting (see Changing Hands). The one down is KRNO San Bernardino, Calif., which burned to the ground early Sunday morning (Nov. 18), with an equipment loss estimated at between $25,000 and $30,000. It was the second fire at KRNO within a three-day period, both fires breaking out in places where short circuiting or other electrically started fires were extremely unlikely, so the chance of arson is being thoroughly investigated. On Wednesday, KRNO's new general manager, Tom Papich, who assumed the post less than two weeks before the fire, was hoping to get the station back on the air Thursday, using transmitting equipment flown in and installed in a mobilehome trailer in the parking lot adjoining the KRNO tower, which was not damaged by the fire. Other Trigg-Vaughn stations: KVII (TV) Amarillo, KOSA-AM-TV Odessa, KROD-AM-TV El Paso, all Texas. with Warner Bros., Young & Rubicam, NBC and CBS. KADY operates on 1460 kc with 5 kw daytime; KADI is on 96.5 mc with 24.5 kw. Broker was Blackburn & Co. ■ KLAS Las Vegas, Nev: Sold by Paul Schafer (Schafer Custom Engineering Div., Textron Electronics) to Robert C. White for $162,500. Mr. White is a New York builder. KLAS operates fulltime on 1230 kc with 250 w. Broker in the transaction was Albert Zugsmith Communications Corp. TelePrompTer shows third quarter gain TelePrompTer Corp., New York, last week reported third-quarter earnings of $47,696, in contrast to a loss of $215,126 for the like period in 1961. For the first nine months, the company reported a loss of $59,453 against a loss of $184,764 for the corresponding period in 1961. Gross revenues of $1,347,902 and $3,616,442 for the third quarter and nine months, respectively, were up from last year's $933,027 and $3,604,500. The 1962 third-quarter earnings represented 6 cents per share of common stock. Irving B. Kahn, chairman and president of the company, said that orders and contracts now on hand, together with the stability of revenues from catv operations, indicate the company is "succeeding in its program to attain better balance and diversification." He said catv contributes almost half of TelePrompTer's total revenues. The company also is a major supplier of live and closed-circuit tv facilities and production services for meetings and special events. AMF honors stations for recreation programs WXYZ-TV Detroit and WRFB Tallahassee were named last week as the winners respectively of tv and radio categories in the 1961 American Machinery & Foundry Co.'s annual journalism awards. The awards — a citation and $1,000 — are for outstanding reporting in the physical recreation field. A special citation also was awarded to Leonard H. Goldenson, president of American Broadcasting-Paramount Theatres Inc., for supporting and encouraging the ABC owned and operated tv station's program. Individuals selected from each station for recognition: John Pival, president, and Peter Strand, program manager, WXYZ-TV, for a program of youth sports activities; Ray Starr, executive assistant to the president and public affairs director, WRFB, for a pro gram dealing with a local children's circus, one of 101 programs promoted by that city's recreation department. Award recognition was given at a luncheon in New York last week at which Vice President Lyndon B. Johnson was the featured speaker. Inter Continental succeeds Radio Concepts The formation of Inter Continental Broadcasting Media, New York, to serve radio stations as a source of program ming, commercial production, sales promotion and research has been announced by Al King, board chairman. The firm is the successor to Radio Concepts Inc., New York, which has been functioning for more than two years as a producer of radio commercials for local advertising campaigns. Inter Continental also will offer stations an employment service for broadcast management and on-the-air talent, a station brokerage service and financing, as well as centralized purchasing facilities. HITTING YOUR '62 PROFIT ESTIMATE? If so, then you should be giving some thought to acquiring another radio or television station in 1963. If not, then possibly that station or market isn't your particular cup of tea! In either case — buying or selling — Hamilton-Landis is available to put at your service our years of proven experience in the field of station brokerage. Make profitable use of the 30-plus days remaining in this year by meeting with one of our representatives to plan for 1963. NEGOTIATIONS & ASSOCIATES, INC. APPRAISALS • FINANCING OF CHOICE PROPERTIES WASHINGTON, D. Q. Ray V. Hamilton 1737 DeSales St., N.W. Executive 3-3456 CHICAGO Richard A. Shaheen John D. Stebbins Tribune Tower DEIaware 7-2754 DALLAS Dewitt landis Joe A. Oswald John H. Hicks 1511 Bryan St. Riverside 8-U75 SAN FRANCISCO John F. Hardesty, Pres. Don Searle 111 Sutter St. EXnrook 2-5671 BROADCASTING, November 26, 1962 3?