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KNBSUnit((Continued From Page One)might have made a big difference.i.routiThmenmenrepr with of VThe market potential here is great. There is little question in West my mind but what the station will soon be resurrected and in opera-! tion. The equipment is here andthe business is here. There is nodoubt but what the market can support a television station.”Barclay said several out-of-town firms are interested in the station.Charles Luce is attorney for the petitioners in bankruptcy.A $9,000 claim against Northwest Broadcasting System. Inc., has been filed in Superior Court by Walla Walla National Bank.presCroffeiCoa;ofWallBig)WCiadeilandernT1peivfilecandcationeThe claim is over a promissory note issued in November, 1959. Plaintiffs allege it was due and payable in November of this year, j sm.f They ask the principal, plus 7 per 01 cent interest per annum dating from May 6. and $1,086 attorney’s |fees.f1 Herbert Freise is representing] ( the bank, j - ' ‘ •. mDguiltri-i,dI.is1Barclay made the closure announcement as the station went,nes off the air at 11 p m. Wednesday. j0( ,He said there were many prob-j ji lems in starting the station, and hirr one of our main problems was prij that we entered the field without he proper financial backing. We anticipated we would get some local ] he financial backing. It didn’t come; V it almost did. but not quite.” ,36Some local residents, however, tha did invest money in the opera- nni: tion after incorporation in Wash- sej ington State was completed last this April so stock could be sold.thidatCiting channel 19 as the only direct service here for residents1 1 who are not on the cable, he pre- , c :e dieted another station will fill whatn he described as the gap being leftitHe predicted channel 22 would get back on the air, possibly with“ reorganization.leaf-?i-r.Barclay said revenue had been increasing, and had been adequate f01 during the past two months, but that the over-all financial burden I *a .had been too much; *'We have to throw the ball to some one else.” 23u-v.1Cg.V-Predicts Successniinsour“This truly has been a local operation, he declared, “with local engineers and other employes, i ^ I am sure the next station will succeed where we have failed.mwiNorthwest Broadcasting System |ye was launched by a group which got together in the Los Angeles pa area. The stockholders who came [)lt; here included Barclay; Warren L. r Gray, president; William R. Wal- th lace, treasurer, and R. J. Holton, jn issecretary, and Lyle Bond, vice er E*i president and station manager.30\arc Holton left many months ago. he, Bond, who was most in the public 20 a eye in the station operation, left of about three weeks ago to take a sc position with a San Diego radio te le* station. ' |wn- ] Filings with the Federal Com- E nd munications Commission showed te an (Gray originally invested $16,000 tc ire and received a further $3,000 cred-'ti n- it for services; Barclay investing ne $10,000. and Bond put $19,500 intoite non-voting preferred stock.ur. I Connors Addedat | Chuck Connors, the Rifleman ofL(1 television, invested $5,000 in pre-me for red stock, the filings aftershowed, and was to be paid $1,000 a year for five years for use of y his name as an executive vice 7iB^PNMant - Tjmdl or*^nal flings with the fed- 1eral agency listed $90,000 paid-inI capital at the start of operations, jmu The estimate given then was that/as1MM it would cost $95,168 to get started;un that the first year’s operations vwould cost $169,000, with the reve- 4 ih- nue estimated at $250,000.t
Newspaper Details
Walla Walla Union Bulletin
Walla Walla, Washington, US
Thu, Dec 15, 1960
Page 5
Full Page
Clipped by
Sammi B.
NA 27 Feb 2021
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Walla Walla Washington Statesman
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