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6/30/36
EARL SAYS KNX WILL EARN $200,000 THIS YEAR
Speaking as principal witness in a hearing before the Broadcast Division on the application of the Western Broadcast Company to sell KNX, Los Angeles, to the Columbia Broadcasting System, Guy C. Earl, Jr., President, on June 29th predicted that the station will earn a net profit of $200,000 in 1936. The station's net income from October 1, 1935, to March 1, 1936, he said, was $73,000.
The Broadcast Division took under advisement the appli¬ cation for a transfer, which involves the largest purchase price ever paid for a broadcasting station, reputedly $1,250,000.
Because it is still smarting under Congressional criticism for alleged failures to investigate radio station deals thoroughly, the Commission may wait a few weeks before announc¬ ing its decision.
Representative Connery (D. ), of Massachusetts, Chairman of the House Labor Committee, took a parting shot at Chairman Anning S. Prall and the Federal Communications Commission in the June 24th issue of the Congressional Record for permitting un¬ restrained "traffic in radio licenses".
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MUTUAL BECOMES A NATIONAL NETWORK
Completion of negotiations by which the Don Lee Network in California will become a. member of the Mutual System was announced June 27th by W. E. Macfarlane, President of the Mutual Netwo rk.
Adding as a Rocky Mountain region outlet stations KFELKVOD, operating on a single channel in Denver, Mutual will begin trans-continental operations sometime not later than December 29 perhaps earlier. Negotiations are also in progress to bring several other stations in major population centers into the Mutual chain.
Thus the Mutual System, started less than two years ago through the exchange of several programs between three powerful stations stretching from New York to Chicago, will soon become the third national network. Mutual has had by far the swiftest rise to transcontinental stature of any network in the history of radio The present expansion project was handled by Fred Weber, General Manager of Mutual.
The Don Lee Network is the oldest and only permanent network of the Golden State. It consists of KHJ, Los Angeles, which operates at 5,000 watts daytime a.nd 1,000 at night on the 900 kc. band KFRC, San Francisco, same power on 610 kc.
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