Bankruptcy
These magazines were published by Experimenter Publishing Company and would prominently show "Hugo Gernsback Editor" on the cover. Hugo and his brother Sydney had a booming empire. In addition to Experimenter Publishing, they had two radio stations and published books. They would use the money from newsstand sales to pay the printers for last month's magazine. On February 20, 1929 an involuntary petition of bankruptcy was filed against Experimenter Publishing and the April 1929 issue of Radio News was the last to feature Hugo Gernsback as editor. Gernsback quickly raised the capital for a new publishing company. He created new set of magazines to compete with his previous ones. Radio-Craft was competing with Radio News by the July 1929 issue.
Radio News new publisher was B. A. MacKinnon and the new company was Experimenter Publications which became Radio-Science Publications in June 1930. Arthur H. Lynch dropped the forecasting of things to come and provided the technical information to design, service, and operate radio equipment. The cover art changed from people in dramatic or humorous scenes to a solid red cover showing a single component or piece of equipment.
Radio-Science Publications ceased operations with the August 1931 issues. Bernarr Macfadden's newly formed Teck Publishing Corporation took over with the September 1931 issue. Laurence Cockaday became the editor; the format remained the same but the advances in radio and television broadened the topics covered. A common item in all radio magazines was a list of broadcast stations and short wave stations. In 1934 the covers had black-and-white photos. Color illustrations returned in 1936.
Read more about this topic: Radio News
Famous quotes containing the word bankruptcy:
“The heritage of the American Revolution is forgotten, and the American government, for better and for worse, has entered into the heritage of Europe as though it were its patrimony—unaware, alas, of the fact that Europe’s declining power was preceded and accompanied by political bankruptcy, the bankruptcy of the nation-state and its concept of sovereignty.”
—Hannah Arendt (1906–1975)
“Disappointment is a sort of bankruptcy—the bankruptcy of a soul that expends too much in hope and expectation.”
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“You must get your living by loving. But as it is said of the merchants that ninety-seven in a hundred fail, so the life of men generally, tried by this standard, is a failure, and bankruptcy may be surely prophesied.”
—Henry David Thoreau (1817–1862)