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SoldTo Ike9War AidemeWASHINOTOI f* — Tf*#» McMjjJ!Comm inir*#,o«in .upfllKu*nhr**»r to pUTC?!*** Telex igion ^Harry C, Butcher.kid# to Presidentnonm* 9 mm w w m-f » 9mm- * *«* # •*»' !Wmtf **1rh* • r »ta n* r « 1 t it Jl? toftfiat .Santa Barbara, Calif |TTht approval of pwrdw v of the * n* ! station now clears the way forpayment of drlift by the sn ,a bankruptcy type plan of paying f the atation'i creditors on a 20 per rent of the debt basis, The plan already ha« heen approved by thecreditor* and final settlement ofan action brought before federalbankruptcy referee Stanley Jermanl”®pended POC action on allowing *f!purchA.se of the statical from VaHey eg Telecasting Co., by Butcher.Under the proponed transaction.Butcher wall deposit $134,000 withPtvemx Ti*!e Co, fn pay off r,ncreditor*. ,hwmrnmU IRay Smurker. general manager If) KiVA, was en route from Phoe- n x to Yuma today and not avail-or comment at pres* timeever, a spokesman f o r KIVA said that the change lnown-jv' •r«hm ic *vr#rtwi to mean no de-: srU1crease in programming. On th*,^contrary, it s anticipated that itwill make possible greater variety tv1 and capability in programming, both local and network-wise, i ^ The spokesman also said the sta* lt;•*](_____ expects to increase its broad- gfeast range, as a result of the own* jn in ership change. ^ie! Smurker. it was said, definitely will remain as general manager. alt; Butcher, the new owner, is not expected to make his residence here.ulr-st,
Newspaper Details
Yuma Sun
Yuma, Arizona, US
Fri, Jul 26, 1957
Page 1
Full Page
Clipped by
Sammi B.
NA 09 Jul 2022
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