Chula Vista Star-News from Chula Vista, California • Page 41

i nc aMMNcws. Thursday, Septcmbt-ris, i)83 South Bay Business Channel zooms on the South Bay By Judy Dost-Jones Staff Writer Deciding to be different and "get away from the flock," organizers of San Diego's new Channel 69 television station settled on a South Bay location for its studios. "God, did I look at a lot of buildings," said George Stantis, general manager. "I thought if I had to look at one more building. We looked at every available building in Kearny Mesa where all the other stations are.

It occurred to us that what we are attempting to be is different and unique, so with that thought we decided to get away the flock." After searching the county, a building at 1696 Frontage Road, next to the salt ponds west of Interstate '5, was selec'ted, making the station not "only the newest in San Diego County, but also the third largest in terms of studio size. Only the studios of Channels 8 and 10 are larger. Factors in choosing the South Bay location include the hospitable atmosphere in Chula Vista, lack of traffic congestion and exposure to 1-5, where nearly Key interest rates jn is" 100,000 people travel daily, according to Stantis. The benefit to the South Bay is the accessibility of the studio to South Bay citizens and the positive image that a television station brings to a community, Stantis said. When Channel 69 goes on the air in late December or early January it will offer family oriented programming.

Although specific programming has not yet been decided, one show being considered would be a locally produced show tentatively named "Mama Cooks Best." The show would be filmed in the kitchens of viewer-nominated community cooks. News reporting will be in short five to ten minute spots, augmented with in-depth programs on specific issues. The channel will also offer syndicated programs such as a previously overlooked classic "You Are There," with Walter Cronkite. "In television the prime function is to entertain," Stantis said. "I love it when people laugh we are going to offer a lot of that." Channel 69's history dates back more than two years when the Federal Communications Commission offered the channel for licensing.

"The FCC, in all its wondrous wisdom, threw up a piece of paper and said, 'Hey, here's Channel 69 come and get Stantis said. In response to the offer, about a dozen people applie'd. Out of the 12, a coalition of four emerged and were granted a license. The diverse ethnicity of the group has made Channel 69 one of only 18 minority owned stations out of 600 stations in the United States, according to Stantis. "This is a unique group, with equal parts of Oriental, black and Latino," he said.

They are real estate developer Tom Horn, Imperial Airlines president James Harmon, real estate developer and contractor Gilbert Contreras and James Bruce Llewellyn, chairman of the board of Fedco Foods Corp. Horn is the chairman of the board. Key Rates as quoted by South Bay financial institutions Wednesday afternoon: Deposit Rates MMA: Money-market depostit accounts are a type of savings account requiring a minimum balance of $2,500 and limited amount of monthly transactions. S-NOW: Super-NOW are checking accounts requiring a minimum balance of $2,500. Loan Rates Mortgage rate for a 30-year, $100,000 fixed-rate loan.

Terms, appraisal fees and loan origination charges vary with each financial instutution. Auto: Interest rate for an $8,000, 48-month, new car loan, most for 80 financing. Credit cards: Annual percentage rate charged on credit card balances. Institutions charge an annual fee of $10 to $15 for the credit card use. Loan Rates Deposit Rates 31 Channel 69 station manager George Stantis at new South Bay studios Banks MMA S-NOW Mtg.

Auto Balboa Bank 9.50 8.25 cb Bank of America 8.60 7.00 00 14.50 19.80 California First Bank 9.59 7.25 14.25 13.50 19 8 Crocker National Bank 8.65 7.00 13.50 14.75 na First Interstate 8.60 7.00 13 78 15.50 21 Mitsubishi Bank of California 8.50 7.25 na 13.75 21 People's Bank i 8.25 7.00 na 12.50 18 San Diego Trust 8.50 7.00 na Security Pacific National 8.55 7 14 15.25 20.40 Wells Fargo 8.60 7.00 13.875 14.75 20 Savings and Loans Central Federal 8.75 7.75 na na 18.00 Far West 9.05 7.75 13 38 13 34 na First Federal 8.75 7.75 14.25 na 19 Gibraltar Savings 8.75 7.8Q 13.50 19.00 Home Federal 10.65 5.25 13.625 14 25 na Imperial Savings 8.75 7.50 14.50 17 Glendale Savings 8.75 7.75 13.75 na 19.0 Great Western 8.75 8 14 na 19 80 Walter Cronkite was so impressed "with Stantis' results that he spent a week in San Diego to observe the programming. Starting a new television station costs between $7 and $10 million, according to Gardner. "All it takes is desire, intelligence and money," he said. Associates, Channel 69's advertising agency. "When he was in charge of Channel 8 it was the absolute best in San Diego and untouched in the ratings by the other stations." While at that station, Stantis introduced broadcasting the news from the newsroom, multiple anchor persons and color news broadcasts.

He was also the executive producer of "Zoorama." Stantis was selected as general manager after more than 100 applicants were interviewed. He has a 17-year television background as program director for Channel 8, where he gained recognition for his unique and innovative style. "When "George was at 'Channel 8 he didn't follow anyone, everyone followed him," said Robert Gardner, of Gardner Stocks (Pripes as of closing yesterday of publicly-traded companies based in San Diego.) Alt BaltoaBaMwe give MUCH IteMfaoi Nl Change (Wednesday la Wednesday) -18 -18 -38 -14 34 -18 -78 New York Stock Exch. Close Christiana 6 18 Imperial 10 58 Oak Industries 7 78 1 PSA Inc. 21 12 Rohr Ind.

31 18 19 38 Signal 35 12 "American Stock Exch. ON MONEY MARKET INVESTMENT ACCOUNTS Our Current Annual Rate 9.96 Current Annual Yield You'll need a minimum deposit Bro Dart Cohu Inc. Cubic Corp. GTI Intermark Mission West Over-the-Counter Chemtronics Cipher Data Decom Inc. First Nat'l Corp.

Home Federal Humphrey Hybritech Int'l Totalizator irt Kratos Langley Maxwell Labs Monitor Labs Nat'l Micronetic Price Co. -SSI Corp. Sym-Tek Systems 9 8 38 28 34 2 5 14 18 20 12 -34 7 78 Bid Asked 17 34 18 14 23 23 14 6 14 6 34 10 10 38 13 34 16 7 12 9 14 23 23 12 6 12 6 34 18 34 19' 9 34 10 9 34 10 18 22 34 23 12 5--. 5 18 16 58 16 34 67 67 14 3 916 3 '58 15 14 15 12 40 44 20 12 21 12 13 15 14 15 34 of $2500 to open a money market account with no maximum deposit. You can make deposits and withdrawals at any time with up to 6 phone transfers a month and you will receive monthly statements.

nn Aon 0 UN MONEY MARKET CHECKING ACCOUNTS Our Current Annual Rate OTW 8.60 Current Annual Yield Vagabond WD-40 Walker-Scott Wavetek JO KX6 Again, you will need a minimum deposit of $2500 with no maximum and you'll have unlimited check writing -(Data provided by Merrill Lynch). Balboa National Bank 202 W. 24th St. (24th and Hoover) National City, CA 92050 (619) 474-6761 as well as nd mihimurn withdrawal. You can take advantage'of our 24 hour telr service, have overdraft protection and a check guarantee with proper credit approval.

Each depositor insured to $100,000 by FDIC. Annual rate compounds daily and may change from time to time without notice. -1 'Annual yield is for comparison only and assumes interest rate remains constant. If you i maintain $2500 minimum balance, there is no service charge on individual checking accounts. If your daily balance for the month falls below $2500 the rate for thatfmonth is reduced to 5.25 and a $5.00 maintenance fee will be assessed for the month.

rt A uNoti oanKing nours SE HABLA PANOL M-Thu'S 9 a to 4 pm. Friday 9 a.m. to 5 p.m. News 427-3000 Automatic Teller Machine Everyday 24 hours Lobby Walk-Up Window to5p.m, WE INVITE BUSINESSES TO INQUIRE ABOUT THE SPECIAL, RATES AND TERMS ON OUR BUSINESS INVESTMENT ACCOUNTS.