Word: paramount
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Dates: during 1950-1959
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...boss of a network with annual billings of $43,734,845, a net loss of $519,085. By last year, however, ABC's TV billings alone had climbed to $51,393,434, and it was operating in the black (in the first nine months this year, American Broadcasting-Paramount Theatres' earnings were up to $6,616,000 from $5,286,000 last year). Kintner also built up his programming with top TV shows (Omnibus, Lawrence Welk, Disneyland, Bishop Sheen), expanded ABC's network (now up to 215 affiliated TV stations). But he failed to match the other...
...Show. Explained ABC-Paramount President Leonard Goldenson: "ABC television sales are not up to expectations for the 1956-57 broadcasting season. Fall sales of the important Mickey Mouse daytime TV program are considerably below those of last year." Actually, Kintner has had his troubles ever since Paramount Theatres took over cash-short ABC in a $25 million stock-swapping deal three years ago. Paramount then paid off ABC's $7,662,000 debt, put in a handful of Paramount executives, including three new ABC vice presidents. Two of them later resigned, one after he lost...
...insiders concede that Bob Kintner kept a close rein on the newcomers from Paramount. But he gave plenty of authority to the able old ABC hands; e.g., Vice President John Daly has almost full policy-making and operations control over the news, special events, sports and foreign affairs...
...Substantial Dispute." Finally, President Goldenson's dump-Kintner campaign won over 13 of the 17 directors on the company's board, which is heavy with Paramount men. Kintner sent a cold letter of resignation to "Dear Mr. Goldenson," stating that "We are in substantial dispute concerning policies relating to the organization and operation of ABC." Goldenson then personally took charge of ABC, promised to find a new president later...
...sold more than 653,000 copies, about half as many as the alltime champion, Columbia's South Pacific, has sold since 1949. Also climbing high in the sale of classical recordings, traditionally 25% of the market, and specialty albums, e.g., sports, plays, literary readings, politics. Last month ABC-Paramount brought out a collection of President Eisenhower's speeches, from D-day to his announcement of seeking a second term, already has sold 5,500 copies at $3.98. Book publisher Doubleday started its Dolphin division pressing records by sophisticated theater, nightclub and television stars. Last week Columbia Presi dent...