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11/19/43
NOBLE PROMISES BLUE AFFILIATES STOCK PARTICIPATION
Concrete plans for participation in the ownership of the Blue Network Company by affiliated stations and management will be announced "as soon as our thinking crystallizes", Edward J. Noble, Chairman of the Board of the Blue Network and sole owner, told one hundred and seventy station owners and managers in Chicago earlier in the week.
Meeting with the representatives of Blue affiliates for the first time since final approval was given to the sale by the FCC,
Mr. Noble said:
"The ideal operation of a broadcasting network would see the stock held by 130 million Americans. Unfortunately, this is not practical. Other than saying that I would like to see affiliates and management holding stock, I don't want to outline a plan at the present. Within a year I will be able to come to you with more con¬ crete plans. "
Meeting with the members of the Blue Network Advisory and Planning Committee, Mr. Noble said that the Blue Network will not follow outmoded rules and policies that, merely because of age, have become constitutional with broadcasting, phrasing his thoughts on the matter as follows:
"There are many policies now observed by broadcasting that no longer have merit. We are making a thorough study of freedom of speech, censorship and the regulations concerning the sponsoring of programs. At the conclusion we may revise many old policies and create new ones. However, none of our policies will be sacrosanct.
As conditions change so will these policies. It is our intent to keep pace with changing times and not let ourselves be governed by regulations that were passed to meet conditions that no longer exist. "
Mr. Noble, with Mark Woods, Blue Network President, and Edgar Kobak, Executive Vice President, were also speakers at the Committee meeting.
Other highlights of the meeting were:
A report on time sales showing an increase of 61 percent in the past year;
A recommendation that all Blue affiliates immediately file application for frequency modulation transmitter licenses;
For the first time, a station owner operator will be added to the Board of Directors; and
A recommendation that all Blue affiliates in major cities file applications for television stations. The Blue soon will file applications for F-M television in New York, Chicago, San Francisco and Los Angeles,
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