Weekly television digest (Jan-Dec 1963)

NEW SERIES VOL 3, No. 45 (Continued from page 12) TELEVISION DIGEST-1 1 Company Period Sales Pre-Tax Earnings Net Earnings Per Common Share Common Shares Scripps-Howard 1963—40 wks. to Oct. 5 $ 10,499,326 _ $ 2, 192,479 .85 Bcstg. 1962—40 wks. to Oct. 5 10, 226, 603 — 2, 246, 685 .87 — Standard KoUs 1963—9 mo. to Sept. 30 55,087, 907 $ 738,389 350, 350 .16 2,254,296 man Industries 1962—9 mo. to Sept. 30 67, 656, 430 3,796,979 2, 138, 899 .95 2,179,686 TelePrompTer 1963—9 mo. to Sept. 30 3,919,070 — 77,065 (59,453) .10 746,090 Story on p. 10 1962—9 mo. to Sept. 30 3,616, 442 — — 738,410 1963— qtr. to Sept. 30 1, 204, 030 — 7, 841 .01 746,090 1962— qtr. to Sept. 30 1, 347, 902 — 47, 696 .06 738,410 Transltron 1963— qtr. to Sept. 28 5,022,395 321,516 151,516 „ .02 7,503,249 Electronic 1962— qtr. to Sept. 28 5,450, 623 (1,421,674) (691, 674)' — 7,503,249 Warwick Electronics 1963—26 wks. to Sept. 28® 53, 748, 000 — 900, 000 .22 — Zenith 1963—9 mo. to Sept. 30 257, 907, 000® 27,210,000 12,570,000® 1.37 9,181,759 Story on p. 11 1962—9 mo. to Sept. 30 227,005,532 25,041,937 11,590, 672 1.28 9,087,909 1963— qtr. to Sept. 30 91, 618, 000^ 10,396,000 4,916, 000 .54 9,181,759 1962— qtr. to Sept. 30 81,008,762 10, 007,363 4, 608, 063 .51 9,087,909 1 2 3 4 Notes: After $88,791 ^ credit. After preferred dividends. Preliminary. Adjusted for June-1963 3% stock dividend. ^Record. °No income tax liability because of loss carry-forward from 1961. ‘After $730,000 tax credit. ^Includes results of Pacific Mercury Electronics, merged Oct. 28; 1962 figures not available, but sales are up 13.6%, net earnings 17.5%. ZENITH'S ROSY REPORT: In announcing record sales & earnings for both 3rd quarter & 9 -month periods (see financial table). Zenith undertook to add another statistic to "battle of the millionaires" (million sets, that is). It already is on record that Zenith distributor -todealer sales of TV sets (presumably both color & b&w) passed million in first 9 months of 1963. This was followed by report that RCA had passed million mark in factory TV sales (also including color) last Sept. , 3 months ahead of last year's pace (Vol. 3:43 p9). Latest pronouncement—this one in quarterly financial statement by Zenith Chairman Hugh Robertson & Pres. Joseph S. Wright— that "over one million b&w TV receivers were produced during the first 9 months of this year," establishing new b&w record more than month earlier than last year. In addition, Zenith report stated, distributor -to -dealer sales of color sets were "nearly double the first 9 months of 1962." Sept, sales were 60% ahead of previous record month of March 1963. Sales volume of all products in Sept, was highest of any month in Zenith history. B&w and stereo production & sales set records for 9month period, while Zenith claimed increased share-ofindustry in radios. Report stated that Zenith's Rauland Corp. "is producing color TV tubes, although yields have not yet reached expected levels." Addressing anniversary dinner of Appollo Distributing Co. in Newark, meanwhile. Zenith Sales Corp. Pres. Leonard C. Truesdell said: (1) Zenith will not enter tinyvision market. (2) TV industry sales will remain at 7 million or more sets annually, with color increasing its percentage. (3) Industry color sales this year will total about 650,000, rising to more than million in 1964. (4) Zenith is "completely sold out for the rest of the year." (5) Truesdell has reconsidered his decision to retire next June, will remain in present ^ost. * + * * Color TV is no longer luxury for wealthy, Elmo Roper survey for RCA indicates. Addressing Phoenix Ad Club, RCA Sales Corp. ad & sales promotion vp Jack M. Williams said survey showed that, of consumers indicating their next TV set would be color, 66. 3% were in "average" or "below average" economic levels. Previous findings had established that 60% of color owners were in higherincome groups. ^ GT&E and Chmn, Donald C, Power were frontcover profiled by Nov. 6 "Financial World" which noted that GT&E "ej^anded about 16% annually during the 1956-1962 period," is "one of the 5 most widely-held Big Board issues." Commenting on Sylvania's performance, "World" noted: "Indicating how the Sylvania Div. has 'turned around,' this unit's net this year will rise 30% on a 10% sales gain." Sylvania is back in color tube production, magazine pointed out, and "expects to produce approximately 20, 000 tubes this year. It expects this figure will be increased substantially next year. " Over-all, GT&E's "gross income should increase about 8% this year to more than $1.4 billion. Net income— which wUl top $100 million— should approximate $1. 30 to $1. 35 per share, about 16% better than last year's $1. 15." Bankrupt Ravenswood Corp. (Vol. 3:44 pl3) listed debts of more than $2.3 million in preliminary figures filed with Baltimore Federal Court. Company was granted extension to Nov. 22 to file complete schedule of assets & liabilities. Howard W. Sams sales for quarter ending Sept. 30 were $3, 829, 013 vs. $3, 339, 845 for same period last year (figures inadvertently omitted from Vol. 3:43 pl2).