The newsreel theaters usually ran one hour shows. It was a good way to kill some time in between appointments. They had one on West 72nd St that I used to visit. In those day if you were trying to find a quick news fix, there were few places to go. These theaters couldn't come up with the programs that fast so we looked elsewhere. There were no all news radio stations, some had news headlines on the hour and TV was in its infancy then.
If you really wanted to know something quickly, the New York Daily News had a telephone number that could be called for information, it was mainly used for sports info. I found the attached photo showing the Times Square Embassy theatre overwhelmed by Mr Peanut. From the Masaryk headline on the Marquee, the picture was from March 1948.

The Embassy Newsreel Theater had two distinctions: starting in 1929 it was the first theater in the country with an all-newsreel format, and it was one of the very few theaters anywhere to be staffed almost entirely by women.

With newsreels on the wane in the postwar years, the Embassy dropped the "Newsreels" from its name in 1949 and showed ordinary movies for the next 48 years. It closed in 1997, but after major renovations reopened as the Times Square Visitors Center.

[The female staffing was during its first incarnation as a Loew's-owned, upscale reserved-seat venue from 1925-1929. -tterrace]

Wire hangers create horizontal creases on trousers.

Not quite a selling feature these days.

What's with the folds in that guys pants?

Are being smoked by two well-dressed gentlemen who look old enough to remember their own service in the First World War.