Heinl radio business letter (Jan-June 1933)

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"This is not a, money-making scheme and no stock is for sale", he explained. "It is an idealistic venture, I'd rather have 500 smaller stations at $10 than one at $500. I can get all the money I need but I am not going to do it that way. What others have done with millions, I propose to do with my own integrity, "There are now 27,000 actors out of work in this country and if I do no more than to help some of them get employment I shall be satisfied, I have a, 11 the money I want. I believe the time for a new deal in business has arrived a policy of live and let live and I propose to follow this." W y nn got a. laugh at the luncheon when someone asked him what the name of the engineer of his radio network was. "Ask Mr. Gygi", the comedian replied, referring to his right-hand man, Ota Gygi, who was here with him. Then after passing along a couple more questions he couldn't answer to Mr. Gygi, he added: "Between us we know every¬ thing" . When some skepticism was expressed by Martin Codel as to Ed Wynn's chances of being successful in his effort to organize a new chain, Wynn offered (seriously) to bet Codel any amount from $1000 to $100,000 that he would be successful, "It may not be a big network", Wynn declared, "but it will grow." He said he would get his revenue from the quantity of stations. XXXXXXXXXX PRESIDENTIAL RADIO ACTION STILL WAITS Although recommendations for the reorganization of the Radio Commission were submitted to President Roosevelt three weeks ago, no indication has been given X7hen he may act upon them. It was indicated in one quarter that pres¬ sure was being exerted upon the President to keep the Com¬ mission in its present form. Also there are reports that quite a fight has de¬ veloped between Postmaster General Farley and Secretary Roper. Farley is said to be contending that anything having to do with communications should be lodged in the Post Office Department. XXXXXXXXXX -4