Show Business: Loose Coin

¶ Judged from the broad end of the picture tube, television had a bad year; its brightest moment shone like a candle in a morass of mediocre programs. But commercially, the industry seemed to be doing better than ever. Advertisers paid out a record $1.42 billion, a gross increase of 10% over 1957. By year's end the U.S. had a total of 512 operating TV stations (there were 495 at the end of 1957) catering to nearly 50 million TV receivers.

¶ Hollywood, looking at the statistics for a so-so year, managed to keep from dissolving in gloom. Only 216...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $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!