BUSINESS ABROAD: TV Gold Mine

The British public last week got a wide-eyed view of just how successful commercial TV can be. From the directors of three-year-old ATV (Associated Television) came an announcement that earnings before taxes for the fiscal year ending next April will exceed $14 million, a 40% gain over last year, and more than twelve times the earnings of only two years ago. Even more spectacular is what happened to the fortunes of early investors in ATV. A single original share in ATV that sold for 20¢ is now worth $30.80. Norman Collins, 51,...

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