Word: rko
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Dates: during 1950-1959
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DESILU STOCK, up to now privately owned, mainly by Desi Arnaz and Lucille Ball, will be offered to public at about $10 per share although TV show producers keep control of company. Desilu earnings: $3.54 per share in fiscal 1957, 10? per share last year when company bought RKO studios in Hollywood...
...there's such a good market for them." Says Wald: "That's a pretty good idea for movies too." In 1933 Wald sold a story to Modern Screen magazine, was brought West to Warner Brothers to turn it into a movie. From Warner he bounced on to RKO, next tried Columbia, then Fox. Over the years, Producer Wald, 46, has built up a reputation for idiosyncrasies, something that is increasingly rare in the new Hollywood. Examples: he never lets female stars wear hats ("dangerously distracting") or slacks ("Take a love scene where you got two pairs of pants...
Deus ex Machina. His wartime success got Jack a job in Hollywood shortly after he came home. RKO and later 20th Century-Fox put him under contract but rarely got around to putting him in front of a camera (he did once play opposite an unheard-of starlet named Marilyn Monroe). In 1947 he was hired as the summer replacement on NBC-Radio's Jack Benny Show. His fresh, natural style was a success, and in the fall American Tobacco put the Jack Paar Show on the air on ABC. It lasted until Christmas Eve. In his radio days...
...Naked and the Dead (RKO Tele-radio; Warner), to those who never read Norman Mailer's mammoth 1948 war novel, will seem a grim, visually gripping film. It is one of Hollywood's more rugged excursions so far into neorealism. The naughty words "hell" and "damn" are sprinkled like matinee popcorn through the script, and enough torsos are dismembered to satisfy Jack the Ripper. But those who read Author Mailer's bestseller will miss its biting honesty and unrelenting conclusion...
...sales of $62 million brought a net loss of $3,494,000). He replaces Francis O Case, 63, inactive since April, when Bradbury moved in from the presidency of Lehigh Valley Coal Co. Case had approved of the plan to merge Glen Alden with List Industries, successor to RKO Theaters Corp. and owner of 38½% of Glen Alden stock. But last week the Pennsylvania Supreme Court enjoined the plan because some stockholders objected...