LIBRARY OF Congress,

CONGRESSIONAL RESEARCH SERVICE, Washington, D.C., January 9, 1973. To: Hon. LEE METCALF (attention: Mr. Vic Reinemer). From: Economics Division. Subject: Banks holding stock in broadcast stations.

Attached are the tabulations on the ownership of leading firms in the broadcast industry, based on statistics submitted to you by the Federal Communications Commission. We have added information on total shares outstanding, computed percentages, and given subsidiary and parent company information, as well as the names of broadcast stations operated by these companies. Each sheet lists the name of a company that owns broadcast stations-TV, AM or FM radio. The subsidiary, if any, is in parentheses. Also included is the total number of the company's stock shares outstanding. These are common stock unless otherwise indicated and exclude treasury shares.

Individual broadcast stations are arranged according to the alphabetical order of the cities in which they are located. The individual stations and their location were obtained from the Broadcasting Yearbook 1972 and Standard and Poor's Corporation Descriptions. The banks' stockholdings were taken from FCC records as of July 5, 1972, indicating the 25 largest banks (by trust holdings). The banks were required to report holdings of 1 percent or more, and many reported holdings of less than 1 percent as well. The order of the banks was taken from the FCC's list of the 25 largest banks. The companies are divided into groups according to the number of banks holding stock. The groups are broken down by companies with: one or two banks as stockholders; three or four banks; five or six banks; seven or eight banks; and ten or eleven banks. KATHRYN KAYSER, Research Assistant.

3 or 4 Banks as Stockholders

Avco Corporation (Avco Broadcasting Corp.)
Boston Herald Traveler (WHDH, Inc.)

Columbia Pictures Industries, Inc. (Screen Gems, Inc.)
Combined Communications Corporation

General Electric Company (GE Broadcasting Co.)

Kansas City Southern Industries, Inc. (Mid-America
Television Co.)

Knight Newspapers, Inc. (Summit Radio Corp.)
LIN Broadcasting Corporation
Metromedia, Inc.

Multimedia, Inc. (Multimedia Broadcasting Co.)
Ridder Publications, Inc.

RCA Corporation (NBC-National Broadcasting Co.)
Signal Companies (Golden West Broadcasters)
Transamerica Corporation (United Artists Corp.)
Twentieth Century-Fox Film Corporation

Wometco Enterprises, Inc. (Wometco Skyway Broadcasting Co.)

Fairchild Industries, Inc. (Fairchild KLIF, Inc. and Fairchild WPBC, Inc.)

Fuqua Industries, Inc. (Fuqua Communications, Inc. and
Martin Theaters of Ga.)

Gable Industries, Inc. (Fuqua Television, Inc.)
Gannett Company, Inc. (WHEC, Inc.)
Globetrotter Communications, Inc.

ISC Industries, Inc. (Intermedia, Inc.)

Kaiser Industries Corporation (Kaiser Broadcasting Corp.)
Lee Enterprises, Inc.

Media General, Inc. (WFLA, Inc.)
Media Horizons, Inc.

Meredith Corporation (Broadcasting Div.)
Outlet Company

Pacific and Southern Broadcasting Co., Inc. (Pacific and
Southern Co., Inc.)

Publishers Company, Inc. (Publishers Broadcasting Corp.) Pueblo International, Inc. (Pueblo Broadcasting Co., Inc.) Rahall Communications Corporation

Refac Technology Development Corp. (WK, Inc.liquidated in 1970)

Rust Craft Greeting Cards, Inc. (Rust Craft Broadcasting Co.)

Sonderling Broadcasting Corporation

Small Business Investment Corporation of New York
Starr Broadcasting Group, Inc.

Stauffer Publications

Storer Broadcasting Company

Washington Post Company (Post-Newsweek stations)

Broadcast Companies for which Stock Data were not
Available

GCC Communications of Philadelphia
Evening News- Detroit

Providence Journal

Founders Corporation

Williams County Broadcasting
Devon Corporation

BNA Corporation
Pulitzer Company
Vermont Broadcasting

Central Broadcasting Company
Copley Press

Harriscope