This final report describes a pilot program for the simultaneous appraisal and description of concurrent television newsfilm from the holdings (dating from 1955 to 1972) of three Madison, Wisconsin television stations. The sections of the report are: (1) Project Background and History; (2) Problems of Estimating; (3) Evaluation of the Physical Condition of the Film; (4) Appraisal Issues; (5) Use of Form Headings; (6) Database Construction; (7) Software; (8) Information Sharing; and (9) Results and Conclusions. The report concludes that the content of the bulk of the local newsfilm in the holdings is not worthy of the expense of preserving and making it accessible in the labor intensive manner initially employed by the project. Appendixes containing a list of project personnel; selected pages from the descriptive guide and index developed by the project; a chart indicating the work completed on the project; guidelines for film inspection, repair, identification and assembly; worksheets for information gathering on a sample record; a list of equipment and supplies; appraisal and processing concurrent TV newsfilm collections; advisory committee responses; and collection descriptions in RLIN database are attached. (RS)