Word: philco
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...will carry some of the U.S. shows that make Canadians flick the dial, tune in on U.S. stations. Among them: Bob Hope, Fred Allen, Philco's Hall of Fame, and a serial, That Brewster...
After 38 critical years on the sidelines, Variety, the smartest show-business paper in the U.S., last week went into show business itself. The celebrated weekly put on a weekly radio show for Philco (Blue Network, Sun., 6-7 p.m., E.W.T.). Just why the shrewd, slangy journal should break into radio was candidly explained by its grizzled, punchy editor, Abel ("Hiya, sonny boy!") Green: "For cash consideration, filthy lucre, publicity. For the durable function of bringing to the air what's good in all branches of show business-a sort of personality Crossley...
Spit & Polish. Variety-Philco's first Radio Hall of Fame had its points. Philco paid the costs, which were about a million and a half a year (for time and talent). Variety picked the talent. The first act, Jimmy Durante, was the best on the program. Growled The Durante, of Paul Whiteman's musicians: "What a band! What a band! I had an uncle once who could play like Whiteman. He played two instruments at the same time. With the left side of his mouth he played Life Is Just a Bowl of Cherries. With the right side...
Tempus Fugit, Status Quo. With Hope and Durante on the same bill, no show could lose. If Variety could produce their equivalents each week, Philco's Radio Hall of Fame might turn out to be the most entertaining hour in U.S. radio. One question raised by the new show was whether Variety could engage in showbusiness without losing its journalistic integrity. Editor Green had an answer for that...
...Philco Corp. will pay 10?: instead of 25?, explained that extra working capital is needed to handle war orders now on the books. The ten biggest companies cutting dividends last week whacked $13,061,100 from their expected annual payments-44% of everything they paid last year. As the wave spreads over all industry, it may wash out 20-25% of total U.S. dividend payments, or about $1 billion. Some of that $1 billion would have been spent on goods & services, contributing to inflation. But some of it would have gone straight into personal income taxes, contributing...