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Being a subscriber and a consistent reader of your much-admired "mag" I think it is within my province to criticize your remark on p. 23 of your Nov. 16 issue of TIME in regard to motion picture heads commenting on RKO-Radio combine in which you state and comment upon comic-strip remarks of Jewish motion picture heads such as "Vait till ve see vat Radio vill...
Best producing RKO (Cimarron...
...These Our Children? (RKO-Radio). "Children have no inhibitions or false ideas and people over 50 are usually sensible enough to have dropped them. ... I think if a picture or play was produced with only children ... or oldsters ... in the cast, it would be the surest safeguard . . . against the critics. . . ." So says seasoned Marie Dressier. Director Wesley Ruggles (Cimarron) shares her respect for young actors. In Are These Our Children? which he wrote himself, he takes a cast mostly under 18, guides them through a depressing epic of juvenile delinquency which ends at the electric chair. His story corresponds roughly...
...RKO plan is to sell $11.600,000 worth of debentures to shareholders-$5 worth for every share held. But the details made the offer practically an assessment. In simple language, the company planned to take away from stockholders 75% of their shares, give back three-quarters of a share as a bonus with each $5 worth of debentures. The stockholder who subscribes to the offer will in effect get his stock back. The one who does not will have a 75% smaller interest in the company...
Justification for this drastic action was seen in the fact that RKO faces a receivership unless it gets cash, that a receivership would probably wipe out the value of the common stock. No public offering of securities could be made at this time; banks have been unwilling to assist. Radio Corp., which controls RKO, has agreed to buy any unsubscribed debentures on the same terms at which they were offered. Immediate cash needs of RKO are $1,000,000 during November, $3,000,000 by Jan. 1, $3,000,000 by July 1,1932. During 1929 the company made...