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Helnl Radio News Service
10/24/45
"In view of Mr. Arundel* s apparent Influence with Govern¬ ment agencies and the opportunity given him to sell his wares at the little frolic at Jefferson Island, the check for the outing may not have been money wasted. "
"Would that check for $75,000 or $750 for a Jamboree of that kind be taxable?" Representative Buffett ( R) , of Nebraska in¬ quired.
"I do not know. The people would like to know if Arundel, following the policy of the Elliott Roosevelt-Hartford loan, might be able to charge off the check as a business expense item", Mr. Hoffman replied.
Representative Hoffman said Arundel was the originator of National Radio Forum and spoke on that program for approximately 6 months over 39 stations, and introduced various Cabinet members and Members of the House and Senate.
(Representative Hoffman’s address appears in full in the Congressional Record of October 22 beginning on Page 10076.)
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NOBLE ACQUIRES LA ROCHE AND TIME MAGAZINE ABC HOLDINGS
As had been expected, Edward J. Noble, Chairman of the Board, American Broadcasting Company, Inc., has purchased the stock¬ holdings of Time, Inc. and of Chester J. LaRoche, in the American Broadcasting Company, Time, Inc. and Mr, LaRoche each owned approx¬ imately 124$ of the total stock of ABC.
Roy Larsen, President of Time, Inc., has resigned from the Board of Directors of the American Broadcasting Company. Mr. LaRoche has resigned as Vice Chairman of the Board and as a Dir¬ ector of the American Broadcasting Company.
A New York columnist wrote: "Resignations are taking place over at the Blue Network practically every hour on the hour. "
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ENGLAND REPORTED TO HAVE HAD ONLY 15,000 TELEVISION SETS
When Col. Sir Ian Fraser of the British Broadcasting Cor¬ poration was in the United States a year or so ago, someone asked him how many television sets had been sold in England in the four years of their operation before the war. He is said to have replied:
"I regret to say under 15,000."
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