Television digest with electronics reports (Jan-Dec 1957)
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Radio Station Sales Reports: KUTI, Yakima, by independent Bcstrs. (Walter N. Nelskog, pres.) for $250,000 to Harrison Roddick, ex-partner in management consultant firm McKinsey & Co. . . . WBMS, Boston, by Friendly Group (Jack N. Berkman, pres.) — also owners of WSTVTV, Steubenville, O. and KODE-TV, Joplip, Mo.— for $200,000 to Gerald A. Bartell & family, operators of WMTV, Madison, and 4 radio stations . . . KTIX, Seattle, by W. Gordon Allen (also owner of 4 other AMs) for $163,000 to H. Scott Killgore interests, also operators of AMs in N. Y., Hartford, Knoxville, Kansas City & Pasadena . . . KLFY, Lafayette, La. by owners of KLFY-TV (Paul H. DeClouet, pres.) for $140,000 to new Pelican Bcstg. Co. Inc., formed by Houston businessmen. Principals, also with minority in KTRK-TV, Houston (Ch. 13) are construction man Howard Telespen, chairman & 50% owner; adman John Paul Goodwin, pres. & 7.46% (with agency partner Henry J. Dannenbaum holding additional 7.46%); attorney Wright Morrow, v.p. & 22.5% . . . WGGG, Gainesville, Fla. by Alachua County Bcstg. Co. (R. M. Chamberlin, pres.) for $100,000 to T. K. Cassel, who also has interest in olf-air WTVE, Elmira, N. Y. (Ch. 24) and in 4 eastern AMs . . . KENO, Las Vegas, hy Edward Oncken, Merl Sage & Ralph 0. Dow for $71,000 to Seattle businessmen Howard Anderson (transit adv.), Frederick Van Hofen (I’adio KING mgr.), Gordon B. Sherwood Jr. (ex-sales mgr. of radio KAYO) — purchase price including $65,000 indebtedness still due previous owners Maxwell Kelch & Laura Belle Kelch . . . WKTM, Mayfield, Ky. by Fred L. Thomas for $55,000 to co-equal owners Charles W. Stratton (also % of WKOA, Hopkinsville, Ky.) and brothers H. D. & Mose Bohn, of Hopkinsville dry goods store. Brokers: KUTI, Allen Kander & Co.; WBMS, Jack L. Stoll Assoc.; WGGG, Blackhum & Co.
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Radio station sales approved this week: WAFB, Baton Rouge, by WAFB-TV (Ch. 28), controlled by WDSU-TV, New Oi’leans, to local business group, headed by Louis Prejean, ex-WAFB-TV, for $175,000 (Vol. 13:10). WEIM, Fitchburg, Mass, by Henry G. Molina to Arthur A. Newcomb, owner of WOTW, Nashua, N. H. for $160,000 (Vol. 13:16). WLCR, Torrington, Conn, by Litchfield County Radio Corp. (Charles 0. Scott, pres.) to brothers Hillis W. Holt (64.5%), Rogers B. & Clayford E. Holt for $73,000 (Vol. 13:16). KVNI, Coeur d’Alene, Ida. by Alan N. Pollock (6.5% of KBET-TV, Sacramento) to Herbert C. Rice, ex-MBS programming v.p., for $65,000 (Vol. 13:16). WFBF, Fernandina Beach, Fla. by Marshall W. Roland to Edward W. Murray, Storer TV programming consultant, for $64,700 (Vol. 13:13). WALD, Walterboro, S. C. by group headed by R. M. Jefferies to co-owners Robert S. Raylor (% of WONN, Lakeland, Fla.) and Paul Gilmore for $45,000 (Vol. 13:13). KONG, Visalia, Cal. by radio KYNO, Fresno (L. E. Chenault, pres.) to Harry C. Layman, ex-owner of WJOC, Jamestown, N. Y. for $35,000 (Vol. 13:13).
Application to sell 50% of KNAC-TV, Ft. Smith, Ark. (Ch. 5) for $61,500 was filed with FCC this week by estate of Hiram S. Nakdimen (Salome Nakdimen, administratrix). Buyers are Ft. Smith merchant Harry Pollock, paying $41,000 for 33.33%, and Harry Newton Co. real estate firm (controlled by Pollock’s children Newton Pollock & Patricia P. Goldberg), paying $20,500 for 16.66%. Sale includes agreement whereby Harry Pollock is to lend KNAC-TV $125,000 over 5-year period, also is to reimburse other owner George T. Hemreich (50%) $25,000 for out-of-pocket expenses incurred in connection with KNAC-TV. However, FCC has postponed effective date of its approval of sale of 50% of KNAC-TV to Hemreich (Vol. 13:9), pending outcome of hearing on protest filed by Donald W. Reynolds’ KFSA-TV, Ft. Smith (Ch. 22). Feb. 28 KNAC-TV balance sheet lists $25,188 loss this year to date. It shows $18,605 current assets, $220,455 fixed assets; $14,484 current liabilities, $85,000 notes payable, $161,538 contracts payable.
The $6,350,000 sale of WBRC-TV, Birmingham (Ch. 6) with AM-FM adjuncts to Radio Cincinnati Inc. (Hulbert Taft) by Storer (Vol. 13:14) was approved this week by FCC — clearing way for Storer to take over WPFH, Wilmington, Del. (Ch. 12), along with Philadelphia radios WIBG & WIBG-FM, this transfer having received approval March 27 (Vol. 13:13). However, suit in Philadelphia Federal Court by 8 minority WPFH stockholders, charging Storer’s price is too low, may delay consummation of transfer. WBRC-TV sale includes $350,000 under agreement whereby Storer agrees not to compete in any media in area for 5 years or to “raid” staff. WBRC-TV broker was R. C. Crisler & Co.
Wm. Cherry’s purchase of WDBO-TV, Orlando, Fla. (Ch. 6) with AM-FM adjuncts for some $3,000,000 (Vol. 13:14) was approved this week by FCC. Actual buyer is Cherry Bcstg. Co., 85% owned by Wm. Cherry (pres, of WPRO-TV, Providence), 10% by Wm. H. Goodman (asst, treas. of WPRO-TV), 5% by Arnold F. Schoen Jr. (mgr. of WPRO-TV). Sellers, headed by Harold P. Danforth (remaining as mgr.), get $2,461,000 cash, $539,000 in notes.
Purchase of WAAM, Baltimore (Ch. 13) by Westinghouse Bcstg. Co. (Vol. 13:18) has been reduced to contract— price coming to $4,400,000 in Westinghouse stock, deal including more than $500,000 in net quick assets. Purchase of the ABC-TV affiliate gives Westinghouse full limit of 5 vhfs permitted by FCC.
WDAK-TV, Columbus, Ga. (Ch. 28) will be wholly owned by Martin Theatres of Ga. Inc., following FCC approval this week of its purchase of 25% from radio WDAK for $25,000 (Vol. 13:17). Call letters are to be changed to WTVM.
Control of CHCT-TV, Calgary, Alta. (Ch. 2) is retained by Frederick Shaw, even though he has sold radio CKXL, Calgary, to new Tel-Ray Ltd. He holds %, other Vs being held by radio CFAC.
Suit for $100,000 against IBEW Local 1212 was filed by CBS May 8 in U. S. District Court, N. Y., alleging damages from jurisdictional dispute with lATSE which prevented telecasting by WCBS-TV of April 21 “Tony” awards by American Theatre Wing (Vol. 13:17-18). Meanwhile Pepsi-Cola Metropolitan Bottling Co., which was automatically released from $5,000 sponsor contract when inter-union squabble over special lighting work kept show off air, donated same amount to American Theatre Wing.
Bankruptcy auction of equipment of Autocue Sales & Distributing Corp., which sold TV prompting devices, will be held May 23 at Underwriters Salvage Co., 121 Sixth Ave., N. Y. Firm was declared bankrupt last Dec.
Talk to nation by President Eisenhower on his $71.8 billion budget will be carried live by NBC-TV May 14 9-9:30 p.m., repeated by CBS-TV & ABC-TV 11:15-11:45 p.m. All radio networks, including Mutual, will carry speech to people about “the cost of their government” direct from White House. Similar network arrangements for President are expected for second talk May 21 on “Why Mutual Aid Is So Essential to Winning the Peace,” but schedules for it had not been set at week’s end.
Extremely sensitive TV camera which can be operated under water has been developed for Navy by Admiral. High light sensitivity permits new image orthicon unit to be used under extremely poor lighting conditions.