General Tire acquired RKO Pictures in 1955 from Howard Hughes for $25 million, which included the studio's library of classic films.ĭuring this time, the company also expanded into broadcasting with the ownership of local radio and television stations, including WOR-TV. What Happened: WOR-TV Channel 9 was an independent station owned by RKO General, the holding company for the noncore businesses of the General Tire and Rubber Company. If you were living in the New York City metro area during the late 1970s and early 1980s, you may recall a delightfully peculiar tradition that occurred during the Thanksgiving holiday season: the movie marathons broadcast on a local television station that featured films related to King Kong and Godzilla.
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