Radio: The O. Henry Manner

TV has brought a swarm of hungry, would-be film makers to Hollywood, often with no more equipment than a desk, a chair and an idea. One of the eager idea-men is Marc Frederic, 40, an ex-department-store buyer who was short on cash but long on inspiration. Luckier than most, he joined forces two years ago with Gifford Phillips, an heir to the Jones & Laughlin steel fortune, who had both money and the conviction that film was going to be the biggest thing in television.

Calling themselves the TeeVee Co., Frederic & Phillips first tried...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!