Word: rko
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Should the sins of a corporate parent be visited on its subsidiary companies? Yes, said the Federal Communications Commission in a startling 4-to-3 decision last week that stripped RKO General of its valuable television broadcasting licenses in Boston, New York and Los Angeles. It was one of the harshest actions in the often sleepy agency's 45-year history...
...past behavior of RKO's parent, General Tire & Rubber Co., determined the decision. Ten years ago, General Tire signed a consent decree with the Justice Department, which charged it with forcing buyers of its tires to advertise them on RKO stations. Four years ago, General Tire disclosed that it made illegal political campaign contributions and foreign payoffs and agreed to pay fines of $200,000 after signing a consent decree with the Securities and Exchange Commission. The FCC complaint emphasized that "RKO was effectively controlled by General Tire and hence General Tire's wrongdoing had a direct bearing...
...came to the TV page. Critics like Tom Shales, 33, of the Washington Post, and Marvin Kitman, 49, of Newsday, are masters of the lampoon. The new breed can also level their targets with sheer ferocity. One recent example from the Boston Globe's William A. Henry III: "RKO General has run Channel 7 with such greed, arrogance and contempt for the people of Boston that we all ought to stop watching...
...Future of Communications" President of RKO Radio in McCollum, Room 1, Business School...
...doubtless the appeal to his gaming instinct that caused him to enter into negotiations with RKO for rights to remake the original while rounding up a portion of his financing. Then in June 1975 Universal released Jaws. It was a picture about a giant creature, and it started producers -notably Universal-thinking about other big-animal properties, like Kong. Universal also entered into negotiations with RKO and thought they had a deal when the sale to Dino was suddenly announced. Hurt feelings-and lawsuits-ensued. Both sides advertised start-shooting dates of Jan. 15 of this year, thinking to scare...