After turning down $50 million for the sale of its movies to a company that distributes films on TV, M-G-M announced last week that it is getting into the business of distributing films on TV itself. The studio also announced that it is going to buy or acquire an interest in TV stations (limited by Federal Communications Commission to five for any one owner), said that it will expand its activities to special productions for TV and that it will dump on the TV market for the first time about 770 feature films and 900 shorts, all produced before 1949. Among...
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