Until 1960, Bartell Broadcasting Corporation was privately owned. In that year, it became a public company, listed on the
over-the-counter market based in New York. However, due to delays cause by a shareholder suit that was eventually resolved, the merger did not become effective until a year later, when the new company became known as Macfadden-Bartell. Gerald became chairman of the company, Lee the president, and Melvin the secretary. Macfadden-Bartell was listed on the
American Stock Exchange. Macfadden's
pulp magazine business had been in decline, much as the radio business had been in the 1940s and 1950s with the advent of television; as
The New York Times said, "The rise of the Bartells stems from a rather simple, if harrowing, formula. They specialize in buying into an industry after other entrepreneurs have decided that the industry is in decline." Melvin becomes executive vice president of Bartell Media Corporation,the imprint expanded into first editions of new material after the purchase by the Bartell Group (
Coffee, Tea or Me?,
Mannequin: My Life as a Model). For the first half of 1967, Bartell Media Corporation reported revenues of $15 million and earnings of $200,000. But then in November 1967, the brokerage firm
Weis, Voisin, Cannon purchased additional stock such that the siblings were for the first time now in the minority, owning only 35–40 percent of the company. There was a shuffle at the directors level and Melvin and David Bartell were no longer officers of the company, leaving only Gerald and Lee in positions at that level. All of the Bartell siblings and in-laws resigned or retired from their positions in Bartell Media Corporation, and a new president, Earl H. Tiffany, was named for Bartell Media Corporation. Gerald did retain a title of executive consultant. == Later years ==