EXCLUSIVE LISTINGS! Quired Its First TV Station-Rice's WJRJ -TV Atlanta
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Edwards for $325,000. Mr. Danner is ing rule since the Rice group was able tions With WTEN -TV and WJR- AM -FM. a Nashville businessman whose interests to show that the channel -17 independ- The division includes Pontiac Press include a shopping center, a restaurant, ent has had substantial losses since it Co. and Fairchild Publications which a real estate business and a manufac- went on the air in September 1967. merged with Capital Cities in May turer of electronic systems. Mr. Ed- For the nine months ended Sept. 30, 1968. The publications are: Women's wards has 20% interest in KAAY(AM) Rice had a loss of $303,399 or 84 cents Wear Daily, Home Furnishings Daily, Little Rock, Ark. WDVH is a daytimer per share on revenues of $586,711. In Daily News Record, Footwear, Super- News, Metal- on 980 kc with 5 kw. 1968 it had a loss of $287,381 or $1.36 market News, Electronic per share on revenues of $262,810. working News and Men's Wear. WDBL -AM -FM Springfield, Tenn.: Sold Mr. Dougherty and Mr. Burke will by Mrs. Hoyte Bell and William N. continue to report to Thomas J. Mur- Locke to W. J. Webster Jr. for $235,- Capital Cities splits phy, president and chief executive offi- 000. Mr. Webster owns WYFY -FM Co- radio -TV, print divisions cer, Capital Cities Broadcasting Corp. lumbia, Tenn. WDBL(AM) is a daytimer on 1590 kc with 1 kw; WDBL -FM is on Capital Cities Broadcasting Corp., New 94.3 me with 3 kw and an antenna 215 York, announced last week separation WAPI -TV to become feet above average terrain. of its operations into a broadcast divi- sion and a publishing division. -TV Wxox(AM) Bay City, Mich.: Sold by full -time NBC Joseph P. Dougherty, who has been Patrick J. Trahan and others to Philip Ala., and NBC- in charge of all radio WAN-TV Birmingham, W. Agree and Edwin and television Schreiber for stations operated by the company, was TV have signed an affiliation agreement. $210,000. Sellers own WSTR-AM last week by -FM and named president of Capital Cities A formal announcement 80% of Michigan said the VHF CATV Inc. both Broadcast Division. Stations in the di- the network and station Sturgis, Mich. Mr. Agree owns will become a full -time a fur- vision are: WTEN -TV and WROW -AM -FM outlet (ch. 13) niture firm on May 31. manufacturing and has in- Albany, N.Y.; WPRO -AM -FM Provi- primary affiliate of NBC terest in a mechanical contracting com- dence, R.I.; wvD(Tv) Durham, N.C.; At present, and until the end of May, and CBS- pany and a trailer park. Mr. Schreiber WPAT -AM -FM Paterson, N.J.; WKBW- WADI -Tv programs both NBC all day parts). has interest in an investment company AM-TV Buffalo, N. Y.; WJR -AM -FM De- TV (about equally in no plans and an electrical supplies firm. Wxox troit; WSAZ -AM -TV Huntington, W. Va.; CBS officials said CBS -TV had is a daytimer on 1250 kc with 1 kw. KPOL -AM -FM Los Angeles; and KTRK- in the Birmingham market. and TV Houston. The new agreement by NBC J. Heading the new Capital Cities Pub- WADI -TV was announced by Donald Turner, Rice merger re- lishing Division as president will be Mercer, NBC vice president, station gets FCC blessing Daniel B. Burke, who rose to execu- lations, and E. R. Vadeboncoeur, presi- tive vice president dent, Newhouse Broadcasting Corp., The merger of Atlanta-based broadcast- of Capital Cities after having served in the station owner. ers Turner Communications Corp. and executive posi- Rice Broadcasting Co. was approved last week by the FCC. Through the transaction, valued at an estimated $3 million, group -owner Turner has ac- EXCLUSIVE LISTINGS! quired its first TV station-Rice's WJRJ -TV Atlanta. Turner President James Roddey said SOUTHEAST- Dominant fulltimer in growth area rated No. 1 in 1.2- that about million shares of Rice a multi -station market. 1969 gross billings will stock would be issued to Turner at the radio exchange rate of about three-and -a-half exceed $250,000. This is an "undeveloped" Rice shares for each Turner share. market with excellent potential for further growth. Rice will change its name to Turner Cash Flow commands a price of $600,000 cash. Communications and the merger will result in the present Turner stockhold- Contact Cecil L. "Lud" Richards in our Washington office. ers owning about 77% of the surviving corporation. The merged corporation CALIFORNIA -FM station in single station market close to im- about 1.6- million shares out- will have equipped standing, he said. portant metropolitan area. Completely Principals of publicly held Rice with new gear. Transmitter real estate is included. Broadcasting include Jack M. Rice, Owner willing to sell at his cost. Price $75,000, chairman of the board, and W. Rob- terms available. ert McKinsey, president. R. E. Turner III, who controls Turner, will be chair- Contact Don C. Reeves in our San Francisco office. man of the board of the merged cor- poration and own 48.2% of its stock; Mr. Rice will have 6.8% interest. Chattanoo- WASHINGTON, D.C. Turner owns WGOW(AM) 1100 Connecticut Ave., N.W. ga and recently acquired WTMA -AM -FM 20036 202/393-3456 Charleston, S.C., and WMBR(AM) Jack- CHICAGO from Charles E. Smith 1507 Tribune Tower 60611 sonville, Fla., AND ASSOCIATES, INC. 312/337 -2754 a aggregating about $1.5 mil- in deal DALLAS lion (BROADCASTING, Dec. 8). Mr. Brokers of Radio, TV & Newspaper Properties 1234 Fidelity Union Life Bldg. Smith will own 7.7% of the new cor- 75201 Appraisals and Financing 214/748-0345 poration. SAN FRANCISCO In approving the transfer of control St. EXPERIENCED MEDIA BROKERS 111 Sutter 94104 of WJRJ -TV by a unanimous vote, the AMERICA'S MOST 415/392 -5671 commission waived its three -year hold- BROADCASTING, Dec. 15, 1969 51 .