What happened to Philco?

As Predictas were black and white, the combination of colour television becoming more popular (and less expensive) and internal/external problems with the sets, led to their demise. The worst problem that had plagued the 21" Predictas was poor picture tube performance, and this significantly damaged Philco's reputation for reliability. Some remaining sets were sold in bulk to hotel chains. Sadly, in 1962, the Philco company, which had been a significant force in North American communications for over 40 years, went bankrupt. Its remaining assets were purchased by the Ford motor company.