Television: A Boost for Pay TV

Pay television in the U.S. has never really paid. The sole system now operating in Hartford, Conn., has not begun to show a profit. But Reuben H. Donnelley Corp.,* publishers of classified telephone directories, and Lear-Siegler, Inc., electronics manufacturers, are confident that toll TV has a future.

The two companies filed a registration statement with the SEC last week outlining plans to issue some $27 million worth of public stock for a project to pipe pay TV to subscribers in Los Angeles and San Francisco. Hopefully, they will be offering first-run movies, all the productions of Manhattan Impresario Sol Hurok,...

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!