For years, networks operating in both radio and television have been
paying off their TV losses with their radio profits. Last year, for the
first time, TV was out of the red. Figures released last week by the
FCC: total income before taxes from network TV, $12.4 million; from
network radio, $10.4 million.
To continue reading:
Want the full story?
Get TIME the way you want it
Week Digital Pass — $4.99
Pay-As-You-Go DIGITAL ACCESS — $2.99
Year ALL ACCESS — Just $30! Best Deal!
Print Magazine + Digital Edition +
Subscriber-only Content on TIME.com
Learn more about the benefits of being
a TIME subscriber
If you are already a subscriber sign up — registration is free!