Word: klas
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...death, Hughes' financial empire was nearly as wasted as his body. His holdings ranged from a major aircraft company and a helicopter manufacturer to casinos in Las Vegas, Reno and the Bahamas, ranches in Nevada, a magazine (Football Today), a television station (Las Vegas' KLAS-TV), mines in Nevada and vast amounts of undeveloped land. Most of the interests were grouped together in the Las Vegas-based Summa Corp., which, Lummis concluded, was run by a group of Hughes lieutenants of dubious ability and honesty. These included Chester C. Davis, Summa's general counsel; Frank William...
Summa appears to be doing well in the absence of the boss. Traffic on Hughes Airwest's Los Angeles-to-Las Vegas route is up 11% from last year. Hughes engineers are building a prototype attack helicopter in competition with Bell for a $1 billion Pentagon contract. KLAS-TV in Las Vegas is bristling with $1 million in new equipment. In October, the new $4 million Hughes Aviation Terminal opened formally in Las Vegas. Among its features: banks of slot machines, a U.S. customs station, and a liquor store that sells Coors by the case...
...Summa's four operating divisions, the most glittering is the recreational group. It supervises the hotels and casinos in Las Vegas, Reno and the Bahamas. Summa's communications group supervises KLAS-TV and the Hughes Television Network Inc., which connects stations across the country for special programs. (Coming up: a two-hour Bicentennial extravaganza...
...doubtful that the offer, which has another week to run, will succeed. The Federal Communications Commission has entered the scene, particularly because Hughes already owns one television station in Las Vegas (KLAS-TV) and control of ABC would give him five more stations, one above the legal limit. The FCC last week ordered Hughes not to try to exercise control of the network without its approval...
...WARM WELL-KOME to Reader Brown (a WHIZ), WHOS entry has KLAS and WINS in a WALK...