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He ini Radio News Service
12/4/46
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GENE MCDONALD DISAPPOINTED AT FM’S PROGRESS; raps fcc
In a foreword to the advance Christmas programs of Zenith’s EM Radio Station WEFM in Chicago, E. F. McDonald, Jr. takes a gloomy view of the FM situation.
"FM's progress since V-J day has been disappointing. One obstacle has been that universal reconversion headache; shortage of parts and material. Another, and far more serious, was the decision of FCC to move FM from the proved, efficient 50 me band to the un¬ tried and since proved inefficient 100 me band. The result was chaos in the industry, with efficient production of new transmitters and receivers set back at least two years.
"Today, more than a year after V-J day, there is not one new high-powered FM station on the air, and monthly oroduction of FM sets is still measured in thousands instead of hundreds of thousands. Some large manufacturers have yet to market their first postwar FM set. Transmitters are being built where there are few FM set owners, and many owners of FM sets have as yet no FM station in range to which they can tune. Moreover, unless the FCC decision is modified to restore to FM the 50 me band of frequencies, owners of pre-war FM sets will find at some time in the future that their receivers are valueless to them.
"Fortunately, existing FM stations have been permitted to continue on their established frequencies in the 50 me band, and most FM receivers being manufactured today are equipped to receive both 50 me and 100 me bands. Consequently, although there will be few FM sets on the market for Christmas, Chicagoland FM owners will enjoy fine Christmas music this year as they have in the past. As usual, WEFM is programming an abundance of holiday music for your pleasure. "
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WJR, DETROIT, SPLITS STATION’S STOCK TWO FOR ONE
Stockholders of WJR, The Goodwill Station, Inc. last week voted to split the radio station’s stock two for one, increasing the authorized shares of common from 400,000 to 800,000 and reducing par value from $2.50 to $1.25, it was announced by President G. A. Richards. The company’s 44th consecutive quarterly dividend also was announced.
The shares were split two-for-one on June 21, 1945, with subsequent quarterly dividends set at 35 cents instead of 50 cents per quarter paid in the five preceding years, plus extras. Fifty cents was paid last September, however, and the Board of Directors meeting after the shareholders' session voted to pay on December 12 a dividend of thirty cents per share on the newly split stock of record December 2, equivalent to sixty cents on the shares outstand¬ ing in the past 17 months. The latest split will result in a total Of 520,000 shares outstanding in the hands of approximately 600 share¬ holders.
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