Hollywood Sign building for the antennas. From 1939 to 1947, this site was the location of the studios and transmitter of the first television station in Los Angeles, W6XAO (now KCBS-TV), founded by The Don Lee Network, hence the name Mount Lee. The TV studio left this location in 1948, and the transmission facility left in 1951, moving to the higher Mount Wilson. Land in the vicinity of the sign was purchased by Howard Hughes in 1940, who planned to build a hilltop mansion at Cahuenga Peak for actress Ginger Rogers. Before long Rogers broke off their engagement and the lot remained
What Price Hollywood? three out of four stars and comments, "Though the conclusion is a pat romantic ending, this is a strong drama that shows the real Hollywood behind the glamorous facades." According to RKO records, the film lost $50,000. Adela Rogers St. Johns and Jane Murfin were nominated for the Academy Award for Best Story but lost to Frances Marion for "The Champ". What Price Hollywood? What Price Hollywood? is a 1932 American pre-Code drama film directed by George Cukor and starring Constance Bennett with Lowell Sherman. The screenplay by Gene Fowler, Rowland Brown, Ben Markson, and Jane Murfin is based on