The tycoons who run the entertainment industry have not lately found it particularly entertaining. Last week's news was full of their worried maneuverings and head-scratchings.
R-K-O. Pinched for cash, a few weeks ago Radio-Keith-Orpheum Corp. devised a means of selling stockholders new debentures. The conditions of the offer made it practically an assessment; the shareholder who did not subscribe would lose 75% of his proportionate ownership of the company (TIME, Nov. 23). Last week after a touch & go fight the R-K-O management, headed by Hiram S. Brown, backed by a directorate including...
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