Broadcasting Telecasting (Oct-Dec 1963)

put out similar publications for FM and TV if the AM version meets with success. SEI is now trying to determine broadcaster demand for the updated AM allocation maps. Response should be directed to SEI at 8200 Snowvffle Road. Brecksville. In need of donations Paul Fisher, executive secretary of the Freedom of Information Center at the University of Missouri, has issued a call to preserve all aspects of news freedom and access in the mass media. The center is almost out of money, he said. Mr. Fisher told the Missouri Broadcasters Association earlier this month that although the center serves broadcasters as much as other media, its chief media support has come from publish Quick on the trigger Kloc, a new daytimer in Ceres, Calif., claims to have set a new speed record for getting on the air. The FCC sent a telegram granting kloc program authorization, and from the time Western Union called, the station said, only two seconds elapsed until the country-and-western outlet was broadcasting a prerecorded inaugural program. Kloc is licensed to Redchester Broadcasters, a firm owned by Chester Smith and Corbett "Redv Pierce. The 500 watter is on 920 kc and is represented nationally bv Ewina Radio. ers. He said the center is separate from the university and receives no funds from that source. FINANCIAL REPORTS SCREEN GEMS HITS NEW PROFIT HIGH Earnings are $3.8 million on income of $64.3 million New highs in sales and earnings were attained by Screen Gems Inc. during the fiscal year ended June 29, it was announced last week. At the same time proxy statements were mailed out for the annual meeting of stockholders Nov. 26 in New York. Highlights of the year include formation of Screen Gems-Columbia Music Inc. (BMI) and Colgems Music Corp. (ASCAP) in the music publishing and record manufacturing fields; the agreement with former President Harry S. Truman for a series of 26 half hours for TV on historic decisions made by him during his years in the White House: 16 programs on national TV, and a new Hanna-Barbera cartoon series for national spot. Screen Gems, which is 89% owned by Columbia Pictures Inc., owns kcpxam-fm-tv Salt Lake City and wapa-tv San Juan and wole-tv Aguadilla, both Puerto Rico. The stockholders meeting will be asked to reelect 10 directors, ratify and approve employes' retirement program, ratify and approve option granted to Harry Ackerman, vice president, for 1.500 shares of common stock, elect independent public accountant and auditor, and conduct other business. In the proxy statement, aggregate remuneration for top executives for fiscal 1963 is given as follows: A. Schneider, president 552,000; Leo Jaffe, chairman, finance committee and first vice president, S30,333.16; Jerome Hyams. executive vice president and general manaaer, $52,000; William Dozier, vice president, $62,400; John H. Mitchell, vice president, $51,550: Harry Ackerman, vice president, $70,200. Messrs. Schneider and Jaffe are Columbia Pictures executives and the amounts shown constitute the one-third remuneration charged to Screen Gems. Other officers also have deferred benefits payable after termination of active employment. 12 months ended June 29: 1963 1962 Earned per share' $ 1.50$ 1.37 Television film rentals, commercial sales and other income 64,376,983 Amortization of film costs and independent producers' and participants' shares 42,301,536 Shares to Columbia Pictures Corp. and affiliated companies 8,812,172 General, administrative and selling expenses 5,503,564 Interest expense 197,057 Income before taxes 7,562,654 Provision for federal, state and foreign taxes 3,762,386 3,596,895 Net income 3,800,268 3,466,294 *Based on 2,538,400 shares outstanding as of June 29. 3M shows earnings increase A 9% increase in sales for the nine months of 1963 over the same period in 1962 has been reported by Minnesota Mining & Manufacturing Co. 3M President Bert S. Cross expressed confidence that another record sales and 52,188,900 34,915,567 5,961,698 4,235,016 13,430 7,063,189 BROADCASTING, November 11, 1963