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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...
...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...
COLOR TV will come close to meeting black-and-white price levels next year, predicts Allen B. Du Mont Laboratories. Du Mont has signed royalty contract to make Lawrence color tube developed by Chromatic Television Laboratories (50% owned by Paramount Pictures), plans to bring it out at factory price of less than $50, some 30% cheaper than current R.C.A. tube. New tube, says Du Mont, will simplify color sets, cut retail prices to around $340 for 22-in. color set v. $495 for cheapest 21-in. color set currently on market, and about $200 for comparable black-and-white model...
...Vagabond King (Paramount) provides a multimillion-dollar answer to a question that nobody has been asking: Where are the snores of yesteryear? In 1901, the short, unhappy life of François Villon, the notorious balladist of 15th century France, was rewritten by Playwright Justin McCarthy as a long, claptrappy rapier romance that held the stage for decades and made E. H. Sothern the most famous scenery-chewer of his time...