[N.B.C trade releases]. (1956)

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TRADE NEWS Ay Sve RV Cres (Our Re) December 3, 1956 BRISTOL-MYERS CO., IN A $2,100,000 NET BUY, PURCHASES HALF OF NBC RADIO'S NEW 7 A.M.-11 P.M, FIVE-MINUTE NEWS-ON-THE-HOUR Half of NBC Radiots new five-minute national and international news programs to be broadcast hourly on the full network every day and night of the week from 7 a.m. to 11 p.m., EST, starting Jan. 14, has been sold to the Bristol-Myers Co., it was announced today by William K. McDaniel, Vice President in charge of Sales for the NBC Radio Network. Representing more than $2,100,000 in net advertising dollars and one of the largest single orders on network radio in recent years, the Bristol-Myers purchase is the first for the network's new plan to provide NBC Radio stations and their audiences with a distinctive and ~comprehensive new radio service. The plan, along with the new NBC "Hot Line service, was presented by Matthew J. Culligan, Vice President -in charge of NBC Radio, to executives of NBC Radio affiliated staBeions. A series of five regional meetings was conducted in New York, Chicago, Atlanta, Dallas and San Francisco at which station manage ments gave their enthusiastic endorsement. (more ) PRESS DEPARTMENT, NATIONAL BROADCASTING COMPANY, 30 ROCKEFELLER PLAZA, NEW YORK 20, NEW YORK