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Description:
Beautifully engraved SPECIMEN certificate from the Teleprompter Corporation. This historic document was printed by the Security-Columbian United States Banknote Corporation in 1978 and has an ornate border around it with a vignette of an allegorical woman. This item has the printed signatures of the Company’s President Cheif Operating Officer ( Russell Karp ) and its Assistant Secretary. This is the first time we have seen this certificate.
Certificate Vignette The company got its start by constructing the first prompting machine out of a large suitcase with one side cut out. It weighed 40 pounds. Improved models were used for the first time on TV on a live CBS soap opera called The First Hundred Years. TelePrompTer's owners sold the prompting business in the early 1960s to pursue a promising new arena, cable TV. In the 1970s, the company grew into the largest multisystem cable operator in the country. After the company was on the brink of bankruptcy, Jack Kent Cooke became the CEO, Chairman of the Board at TelePrompTer around 1975. TelePrompTer got caught up into the same franchising frenzy that other cable's systems did in the early 70's, seeking franchises in major markets. Cooke stayed in New York City for about a year, after getting the company back on its feet with the marketing leadership of Marc ( Let's give it away for free ) Nathanson, who later founded Falcon Cable TV. Cooke then brought in Russell Karp as the chief executive and he remained the chief executive until the company was sold to Group W ( Westinghouse ).
| Status: For Sale |
Reference#: telcor2 |
| Condition:
See Description |
Year:
See Description
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