Word: teleradio
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Armand Hammer, 59, board chairman of Mutual Broadcasting System, stepped in as president, replacing Paul Roberts, 44. Hammer, an independent oilman, formed the syndicate that bought Mutual from RKO Teleradio Pictures, Inc. last August, installed Roberts, a Los Angeles radio executive, to pull /the money-losing network into the black. While Roberts' big stress on music and news brought MBS to the break-even point, he and Hammer reportedly disagreed on the future plans. Hammer said he would remain president only until he could get someone else...
MUTUAL BROADCASTING, in the past a money-losing system, is being taken over from RKO Teleradio Pictures, Inc., a General Tire & Rubber Co. subsidiary, by a syndicate headed by Oilman Armand Hammer, who will become chairman, and Los Angeles Radio Executive Paul Roberts, who will become president. Group paid about $750,000 for network's good will and advertising contracts with 480 U.S., Canadian stations...
...PICTURES, originally bought by General Tire & Rubber Co.'s Teleradio subsidiary for its film backlog (TIME, Aug. 1), will swing back into full operation as a major moviemaker. After virtually shutting down under Industrialist Howard Hughes, RKO will start off with a $22.5 million budget for eleven films (among them: Cash McCall, A Farewell to Arms, The Syndicate) in the first six months of 1956 alone...
Groundwork for the coup was laid six months ago, when Teleradio (subsidiary of General Tire & Rubber Co.) paid Industrialist Howard Hughes $25 million for RKO Radio Pictures and RKO's well-stocked film library (TIME, Aug. 1, 1955). In December, O'Neil got back more than half the investment by selling television and foreign rights on 740 feature-length movies, almost all RKO owns, and some 1,000 short films to Manhattan's C&C Super Corp. C&C paid $12.2 million in cash and agreed to pay $3,000,000 more over the next two years...
This should lead to still more profit: Teleradio plans to make 17 feature films this year. To cap Teleradio's triumph, the Federal Communications Commission has approved its merger with RKO to form a new company, RKO Teleradio Pictures, Inc. The result: a single company that owns the nation's biggest radio network (570 outlets), six television stations and moviemaking facilities as well...