Cap Cities seeks to keep WPVI as ABC merger constraints loom
Capital Cities Communications aims to retain WPVI Philadelphia despite overlap with WABC New York under ABC merger rules. It plans to sell WLS AM FM Chicago and outlines fallback options with Detroit stations if waivers are denied. Company notes major market TV profitability and outlines required divestitures.
MENTIONED IN THIS ARTICLE
Cap Cities
Washington
Capital Cities Communications Inc
Philadelphia
ABC
WLS
Chicago
WPVI
Wabc-Tv
New York City
Capital Cities
Figres
Television Digest
Securities and Exchange Commission
Wxyz-Tv
Detroit
Wjr-Am
Whyt-Fm
Oakland Press
Pontiac
Mich
Newspapers retain top advertising role in era of change
New York Times reports U S newspaper publishers conclude their annual meeting with a sober tone as they remain the nation’s leading advertising medium. Sales rose nearly 16 percent to about 24 billion dollars last year and circulation edged up about 1 percent to over 63 million. Industry faces TV and mail competition, prompting consolidations and a push to regional and national ad networks. Gannett plans a wide advertising network with 95 papers and 9.4 million in circulation already involved.
MENTIONED IN THIS ARTICLE
IBM
Navy Fire Computer Salvos New York
Navy
International Business Machines Corp
Pentagon
Pacific
New York
Nyt
China
The
Steven G. Rothmeier
Northwest Airlines
U.S
Northwest
Japan Air Lines
New York Times
Miami Beach
Fla
American Newspaper Publishers Association
Gannett Co
Cement Masons Picket Johnston City Housing Project
Cement Masons Local No 331 picketed two Brush Avenue sites over an expired contract with Bearden Construction Co and SIBA. Union leader Clinton Humphrey cited no contact with SIBA, limited movement on the job, and continued slow work as 75 of about 100 members were idle amid labor tension and disputes over who performs cement work. Frontier Airlines to sell 25 Boeing 737-200s to United for 265 million with leasebacks and debt reduction plans.
MENTIONED IN THIS ARTICLE
Larry Davis
Southern Illinoisan
Johnston City
Clinton Humphrey
Cement Masons Local No
Brush Avenue
Bearden Construction Co
Marion
Southern Illinois Builders Association
Contraction Company
Jack Bearden
SIBA
Humphrey
Cement Masons
Larry Maddox
Maddox
Carpenters’ Authority
Carpenters Union Southeastern Illinois District Council
Frontier Airlines
United Airlines
Frontier
Joseph R. O’gorman
Also Mentioned on This Page
Amex
NYSE
Allen Industries
McDonalds
Dayco
Norge Amax
Magic Chef
Coca-Cola
Old Ben Coal
Consol
DuPont
Standard Oil Ohio
Freeman Coal Olin
Gen. Dynamics
Pepsi
Holiday Inn
Ramada Inn
Inland Steel
Spartan Printing
J.C. Penney
City Investing
K Mart
Sears
Kroger
Southern Illinoisan Turco, Inc
Lee Ent
Atcor
Lastour U.S. Gypsum
Bemis
WalMart
Mei
Petc
J. City
United
Chuck Novara
Bob Elkins
Tunnel Hill
Dean Brookman
Bluford
Gregg Elkins
Vienna
Local 331
Caer
U.S. Gov't
Ginnie Mae
Poplar
Suite
Memphis
Radio Shack
Sale! Family Computer System
Rade Shack Store
Tandy Corporation
Wpsd-Tv6
Wpsd-Tv
NBC Nightly News
Tom Brokaw
News Beat
Tom Butler
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