Show Monday November Tho Hftld Journal Loom Utah 1 14 1988 Celebrating 50 years over the By Pat McCutcheon butlneet editor Fifty yean ago this week Cache Valley's first commercial air And while there have been a lot of its history and KVNU the over at past changes tradition have not been forgotten The past present and future of KVNU are all part of an ongoing celebration that culminates Thursday in a birthday party at the Capitol Theatre Reed BnUen sole owner of the Logan AM station has been involved with KVNU since the station first went on the air He was part of the original broadcast and was an officer in the corporation that initially owned the station Ballon's father Herschel became a director in the corporation nothing after the station was founded and in 1148 KVNU was sold to the mder Bullen and his family RecalUag the station's long history Reed Bullen consulted notes he had made as well as a small Mack binder which he said contained aU the station records for the past 50 years The laughed at some of the incidents be remembered and recalled with admiration the many people who have worked at idio station went on the half-centu- ry KVNU The first broadcast on Nov 17 1138 originated in Nibtar Hall on the old Brigham Young College campus now the site of Logan High School Bullen said Shortly afterward the studio was moved to the upstairs of the Capitol Theatre building The station's transmission facilities have always been at 1400 North and Main Street not far from the station's present location in the Communications Center at 13S0 N 200 West The station’s call letters also have remained the same for SO years Bullen said though the original station was located at 1230 on the dial instead of today’s 110 location The letters KVNU have “no significance" and don’t stand for anything in particular he goig'“Originally we wanted to use call letters KACH but they already had been assigned by the FCC (Federal Communications Commission)" Bullen said "We also wanted to broadcast on 810 but that frequency was reserved" The station later was able to locate at 110 on the dial after it increased its power to 5000 watts in 1948 The early days were a lot of fun Bullen said but also a lot of “I started paying (employees) 40 cents an hour" he said “And everybody who could be was on the air" Radio enjoyed the spontaneity of being live but that also could pose a hazard to broadcasters Once something was broadcast it eonld not be retrieved and the FCC which had the power to revoke— as well as grant— broadcasting licenses was not an agency to trifle with Bullen said “We used to get worried with some of those live broadcasts that we would lose our license because of something someone might say" he said “We used to broadcast live from local fairs and Cache Valley’s first community radio station KVNU went on the air 50 years ago this week The first broadcasts originated from several downtown Logan locations The station eventually located at 1400 N Main SL which in the early 1940s was primarily agricultural land (top photo) The Bullen family has been involved with the station since its beginnings Hershel Bullen was an early director of the company and his family acquired ownership of the station in 1946 He and his son Reed are shown in the photo above taken in the KVNU studios in 1948 Reed Bullen (photo at left) was an early officer in the company and ran the station for many years He currently is the sole owner of KVNU which is sponsoring a number of events and activities to celebrate the station's 50th birthday rowoi “At Richmond’s Black and White Days one year a livestock judge made a speech we broadcast He told the story of a breeder buuhe had sold to a farmer a bull he later sa w pulling a plow in a field The judge said he asked the farmer why such an expensive bull was hitched to a plow and the farmer said 'to let him know that this life was not only romance’ “We worried a lot over things like that but we’ve never had any difficulty (with the FCC)’’ Bullen reserves his fondest memories for the many people who have worked at the station over the years “The one thing I can say about my business is that I have not made it my employees have made it I’ve had the best employees of any radio station in the world" management of the station is the Today responsibility of A1 Lewis general manager of KVNU and KVFM the company’s FM station Lewis started at KVNU in 1172 when he began attending classes at Utah State University The Logan native originally began broadcasting high school games and worked weekends as an announcer Since that time he has had a number of different responsibilities at the station including assistant manager newscaster sports announcer and program director “I’ve done just about every job here except engineer I just don’t know anything about the technical end of radio but I'm learning” Lewis is responsible for overseeing the station's operation day-to-d- ay See KVNU on page I Business cycle will still fluctuate Corrigan says By Clifl Cahoon USU Information Services The president of the Federal Reserve Bank of New York said the US can go a long way to continue to sustain its current economic growth into the future but residents shouldn't delude themselves into thinking the business cycle is dead E Gerald Corrigan told the bankers attending the Utah State University College of Business Partners -sponsored Banking Seminar last week that the business cycle will continue to fluctuate sort or another that can fuel inflation "We are not seeing numbers on the inflationary side now in fact the numbers look good" Corrigan said during his talk at USU "As we contemplate the situation we now face in the US we must be mindful that we have some serious economic imbalances such as the federal budget deficit and the trade deficit" he said "We need a greater level of discipline in our financial affairs We must have a willingness to look ahead and not have a myopic view of what's out there" Corrigan said there is the potential Corrigan who is vice chairman of for pressure on the Inflationary side the Federal Reserve Bank's Federal because the economy is close to full Open Market Committee and is conemployment He added that a strong sidered second in power to the economy produces excesses of one chairman of the Federal Reserve Program- - S’ - System reiterated earlier stands he has taken on ensuring that supervisory safeguards are part and parcel of the whole financial structure of the US He said he thinks the principle to follow is that if a bank sells securities that part of the business should by supervised by the SEC and if some other businesses get involved in banking that portion of the business should be supervised by the Fed He was referring to the fact that since banking deregulation several companies including Sears Roebuck and Ford Motor have branched into financial markets performing some services traditionally restricted to banks "Do we care who owns and controls banking institutions that have access to safety nets such as provided by the He did say a squeaky clean thrift FDIC’he asked industry is the only one that has hopes Corrigan said he sees a problem if of surviving federal banking safety nets have to "We need drastic changes in the prop up companies such as Sears at future of financial institutions in large cost to taxpayers genera and thrifts in particular" he "Figuring a sensible line of demarcation on these questions is not easy” he said “I like to think we will pui wgeiner uie Southwest Plan to find a way to do that" take over 12 Texas thrifts He is Another speaker at the seminar president and chief executive officer spoke about the nation’s savings and of the new Dallas megathrift Ameriloan or thrift industry can Federal Bank William Gibson who has a good Gibson said there needs to be a track record in bringing sick financial institutions back to health said he revision of the mindset of the thrift Bush will industry "We should turn off the doesn't think President-elec- t have to do something about failing spigot halt the growth and stop the thrift institutions in the first 100 days Probem he said Some of the industry's of his administration as some capabilities should be restrained" speculate wide-rangi- ng |