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Because of "a mass of unfavorable publicity," four top men in RKO's new management stepped down last week. They...
When Howard Hughes sold control of RKO four weeks ago, the buyers promised to clean out the company from stagehands on up. They did, lopping off a batch of executives and underlings. Heading the new cast of characters were President Ralph Stolkin, 34, and his father-in-law, Abraham L. Koolish, 60, a member of the board. Chicagoans Stolkin and Koolish had put up 40% of the down payment* made by their five-man syndicate...
Having swept out the top floors of RKO's disordered house, Stolkin and Koolish last week announced that there would be no more mass shake-ups-"only constructive additions." Actually, movie-men have wondered whether the Stolkin-Koolish combine itself would be a "constructive addition'' to RKO. Last week the Wall Street Journal raised the same question in a series of stories that stirred up Hollywood and Wall Street...
Wall Street and Hollywood gossiped that RKO's real gold mine lay in its huge library of old films, and that the new owners could clean up in a hurry by selling the library to TV stations. The mere rumor of such a deal was enough to get theater owners up in arms last week. But actually, such a move would make little economic sense to RKO at present. In addition to its old films, RKO has a backlog of upwards of $35 million worth of unreleased pictures. If exhibitors boycotted the new films, as they threaten...
Also unique are the scenes of the West's Big Circuit rodeos. If Gene Autry jamborees in the Garden are the only rodeos you've seen, let RKO give you a seat on circuit shutes. And from there, watch the nation's brawniest, bronc-busting, bulldogging, Brahma bouncing riders bet their insurance policies against day money...