Scheimer continued as an executive producer for the company until its dissolution. In 1969, TelePrompTer acquired the Filmation animation studio from its founders, Lou Scheimer, Hal Sutherland and Norm Prescott. Kahn maintained, before and after his 20-month prison term, that the issue was extortion by the officials and not bribery by the company. Kahn had stepped down as chairman of TelePrompTer several months before his conviction.
Kahn was convicted in Federal court in 1971 and imprisoned for 20 months for trying to bribe members of the Johnstown, Pennsylvania city council to award his company a local cable franchise.
Schlafly went on to develop microwave video transmission services with Hughes Aircraft Company. TelePrompTer sold its eponymous business in the 1960s and invested in cable and satellite broadcast services. Initially, public relations personnel handled the teleprompters. He unveiled the device on the set of the CBS soap opera, The First Hundred Years, in 1950. Schlafly had invented the teleprompter in order to help a soap opera actor who could not remember his lines. Kahn Fred Barton, Jr., a Broadway theatre actor and Schlafly, an electrical engineer. The company started around 1950 by businessman Irving B. Branded as the "TelePrompTer", the name has become a genericized trademark as "teleprompter". The company was named for its eponymous primary product, a display device invented by Hubert Schlafly which scrolls text to people on video or giving speeches, replacing cue cards or scripts. TelePrompTer Corporation was an American media company that existed from approximately 1950 until 1981.
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