Take One (Nov 1978)

Records 166,774 10.3 -5 Publishing 55,021 3.4 26 Leisure attractions and Other 21,142 1.3 m.C: Total 1,616,872 20 Ownership and Subsidiaries Broadcasting: ABC Television (ABC Television Network, ABC Owned Television Stations, ABC Entertainment, ABC Sports, ABC News, ABC Broadcast Operations and Engineering); ABC Radio (ABC Radio Network, 1500-plus stations; ABC Owned AM Radio Stations, ABC Owned FM Radio Stations; ABC Spot Radio Sales; American Contemporary Radio Network, 369 stations; American Information Radio Network, 470 stations; American Entertainment Radio Network, 432 stations; American FM Radio Network, 202 stations; 7 o&0 (“owned and operated”) AM and 7 FM stations). Records: ABC Records; ABC Record and Tape Sales; Word, Inc. (religious books and records). Mid-State Distributing Company (CB and audio equipment). Labels: ABC Dunhill, Impulse, Command, Westminister, etc. Music publishing operations. Publishing: ABC Leisure Magazines (High Fidelity, Modern Photography, numerous others). W. Schwann, Inc. ABC Farm Publications (4 magazines). Wallace-Homestead Book Company, Word, Inc., Los Angeles and American West magazines, Nils Codes and Regulations, Inc. (insurance laws). Theaters: ABC Theaters (formerly ABC-Paramount Theaters): 121 single-screen, 68 twin-screen, 1 triple-screen. Scenic Attractions and Other Operations: Three outdoor family recreational facilities. ABC Entertainment Center (office, theater, commercial facility in Century City, California). ABC Films (involved in television distribution), ABC International. 1977 at ABC: ABC became the world’s single largest advertising medium in 1977. While Broadcast revenues were up only 25%, TV profits increased 98.8% over 1976 (and TV revenues were up close to 30% —radio apparently brought the group down). This past year, ABC sold off its entire theater operation to Plitt Theaters, Inc. for $50 million. A rack-jobbing operation was sold for $16 million (and a loss). Meanwhile, the company is negotiating to buy Hitchcock Publishing of Illinois (controlled circulation trade papers) and Miller Publishing (15 agricultural journals). CBS, Inc. Revenues 1977 % of total % change revenues 1976/77 Broadcasting 1,180,300 42.5 13 Records 767,900 QF 28 Columbia Group 459,900 16.6 17 Publishing 397,000 14.3 80 Total 2,776,300 24 Ownership and Subsidiaries Broadcasting: CBS Television Network, CBS Television Stations, CBS Radio Network, 270 stations; CBS News, CBS Entertainment Division, CBS Sports, 7 0&0 AM stations, 7 o&o0 FM stations. Records: Largest producer, manufacturer, and marketer of records in the world. CBS Records, CBS Records International, GTO Records. Columbia Group: Consumer products and marketing. Columbia House, Steinway pianos, Fender guitars, Gulbransen organs, Rhodes Electric pianos, Rogers drums, Leslie speakers, V.C. Squier strings,:April-Blackwood Music publishers, Gemeinhardt Flute Co., Rogers Organ Co., CBS Retail Stores division, Creative Playthings, Wonder Products Company (toys), Columbia Record and Tape Clubs, National Handcraft Institute, X-Acto tools, Pacific Stereo stores, Lyon and Healy, Inc. (world’s largest maker of harps). 26 TAKE ONE / NOVEMBER 1978 Book Publishing: Holt, Rinehart and Winston; Fawcett Publications, Inc.; BFA Educational Media; Popular Library; W.B. Saunders Co.; Winston Press; NEISA (scientific and medical books in Spanish and Portuguese), Frederick Praeger, Inc., five proprietary schools. Magazine Publishing: Seven major special-interest magazines: Field & Stream, Road & Track, Cycle World, World Tennis, Sea, PV4, Popular Gardening Indoors. Twenty-one other magazines. Reader’s Service Department (direct mail sales). Fawcett magazines: Woman's Day, Mechanix Illustrated, and fifty other special-interest publications. Other: Frank Music Publishers, Music Theater International, and affiliated companies. CBS Comtec (laboratories), CBS Technology Centre, Savin business machines, Cinema Center Films. 1977 at CBS: The big change during the past year at CBS was the acquisition of Fawcett, thus making the company a major force in publishing as well as broadcasting and recordings. The Government has challenged this merger, Recently, CBS has been looking to acquire a data processing/information company to form a new nucleus within the publishing group. Overall profits were up only a minimal 9.5%. Columbia Pictures Industries, Inc. Revenues 1977* % oftotal % change revenues 1976-77 Theatrical Films 153,500 39.3 0.8 Television Films 24,800 6.4 29 Television Programs 79,800 20.4 18 Records 42,100 10.8 19 Other 40,200 10.3 23 Amusement Games 32,200 8.2 -Broadcasting 17,900 4.5 -27 Total 390,500 18 *Fiscal year ended June 25, 1977 Ownership and Subsidiaries Columbia Pictures, Columbia Pictures Television, Columbia Pictures publications (music, print), Columbia Pictures Pay Television, Columbia Pictures Merchandising, 8mm _ films division, D. Gottlieb Co. (pinball machines), Arista Records (Clive Davis), EUE Screen Gems (commercials), WNJU-TV, WWYVA radio, WYDE radio, WCPI-FM, KCPX-AM and FM, Spanish Theatrical Film Division, Video Services, Editel Inc., Columbia Pictures Publications, The Burbank Studios (with Warner Bros.), Independent Artists, Fred Levinson and Associates, Bill Alton Films, George Gage Productions, Marshall Stone Productions, Inc. (commercial production companies), Bob Abel & Associates (television graphics). 1977 at CPI: Since Columbia's fiscal year ends in June, these figures don’t reflect the ballooned earnings expected from Close Encounters. The major acquisition of the last 18 months has been the D. Gottlieb Co. (“Amusement Games”) which contributed 8.2% of total revenues this past year. Overall, CPI’s profits rose a respectable 17.6% in fiscal 1977, not including Gottlieb’s contribution. Gulf + Western Industries, Inc. Revenues 1977 % of total % change revenues 1976/77 Manufacturing 1,043,000 24 2 Consumer & Agricultural Products 399,000 9 -10 Financial Services 771,000 17 20 Natural Resources 349,000 8 96 Apparel Products 629,000 14 5 Paper & Building Products 454,000 10 6