Like an old flame who would not be jilted, RKO Pictures Corp. was back in Howard Hughes's lap last week. For the five-man syndicate, headed by Chicago Punchboard Promoter Ralph Stolkin, which had bought Hughes's controlling interest in RKO for $7,093,940, it was the end of a short flirtation with moviemaking. Unable to control the company because of bad publicity about their past activities (TIME, Oct. 27), the syndicate had tried to sell the stock, but found no takers at anything like the $7 a share it had paid for it. Though it...
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