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RADIO STATION SALE AWAITS FCC ACTIONApplication For Transfer Of Title To Aquidneck Broadcasters Filedi.»JZhmecasclenimemstlHleofjfiP-rec-TEliehewITks tApplication hn* been f ILeiL with the Federal Communication Commission in Washington lor ap* proval of Hmj sale of radio Ma-tlon WRJM In this oily to the Acjnidnoek Brand casting Sint ion. The station is now owned by John K. and Irene A,* Malloy, who started It last -November. Its‘present license expires May 1, 1051.The reason given, for the proposed sale is that' the owners state that ‘‘by reason of Ihclr financial limitations1 they have been Unable to establish the uta-Uon on a sound economic plane and feel compelled to sell. The original cost was listed a: $52,-10S, while the selling price is $21,000 plus reimbursement o’ any losses from June 2, the date of agreement to purchase, uhtll the FCC approves Die application.The application lists ' Columbus O'Donnell of Barclay Square, this city, as president and'treasurer and as owner of rJl 320 shares of “ ants landing stuck. James G. Black of New York city, vice president, and.Gilbert M. Congdon, Jr., of Beacon Hill road, this city, secretary, arc the other officers, but own no stock.The station ’ will opersate from 7 A. M. to 7:‘15 V, M. as against a present operating time rsf 7:lf A. M. to 6 I\ M. The new otaicrs Informed the FCC they propose to reduce the time devoted to entertainment and increase the time for religions broad casts, agricultural broadcasts, public service and round table discussions, a special despatch to the Daily News from Ralph Cherry, its Washington correspondent, said.sclstlzi,Cl£atiethcl;Cldi2tl:OMcl\v01flt;»In ry
Newspaper Details
Newport Mercury and Weekly News
Newport, Rhode Island, US
Fri, Jun 24, 1949
Page 2
Full Page
Clipped by
Sammi B.
NA 17 May 2021
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