Television: Gold in the Air

If John Augustus Sutter were alive today, he would fold his mill and buy into the Columbia Broadcasting System. CBS announced last week a proposed 2-for-l split of its common stock. It also raised its quarterly cash dividend from 35¢ to 45¢ a share.

The reason for all this preholiday cheer was a set of figures that could conservatively be described as phenomenal. The company's net income for July, August and September was 97% higher —let's have that one again—97% higher—than it was for the same period last year. It took in about...

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