Radio City Music Hall's management refused to screen "Citizen Kane" for its premiere. A possible factor was Parsons's threat that "The American Weekly" would run a defamatory story on the grandfather of major RKO stockholder Nelson Rockefeller. Other exhibitors feared being sued for libel by Hearst and refused to show the film. In March Welles threatened the RKO board of governors with a lawsuit if they did not release the film. Schaefer stood by Welles and opposed the board of governors. When RKO still delayed the film's release Welles offered to buy the film for $1 million and the studio finally agreed to release the film on May 1.