Word: wewes
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...result is that any businessman who owns a station can play it for high profits. St. Louis Broadcaster Bruce Barrington bought WEW for $50,000 in 1955, sold it to Franklin Broadcasting for $450,000 in 1961; Capital Cities Broadcasting recently paid $5,000,000 for New Jersey's WPAT, which had changed hands for $300,000 in 1954, and Westinghouse Broadcasting put up $10 million for New York City's WINS, which had brought only $425,000 in 1952. Says a top staffer: "Radio stations are the ideal small business. They can be picked up for very...
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