Word: anti-trust
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...Department of Justice last week brought anti-trust actions against NBC and CBS. The suits were filed on New Year's Eve, thus came under the wire as an event of 1941-the year when the New Deal finally got around to radio. Engaged since October in what they declare to be mortal combat with the Federal Communications Commission, the two big broadcasting companies now faced a second attack...
...last year by FCC and later suspended (TIME, May 12, Oct. 20). Gist of the networks' argument: "1) we are not monopolies; 2) but even if we were, FCC would not be entitled under law to determine the fact or to regulate against it." Last week's anti-trust suits looked at first like the Government's answer...
...Lexington, Ky., in the U.S. tobacco belt, Thurman Arnold's anti-trust prosecutors this week won the biggest criminal prosecution ever brought to court under the Sherman Act. The $1,000,000,000-a-year tobacco industry's "Big Three" and 13 top executives were convicted by a jury of monopoly, conspiracy and price-fixing. The list of those convicted looked like a "Who's Who" of the industry: > American Tobacco Co. (Lucky Strikes) ; President George Washington Hill; Vice Presidents Paul M. Hahn and Vincent Riggio. Also convicted were American Suppliers, Inc. (an American subsidiary...
...this convention had resolved to purge the union of racketeering and crime, it should come out and demand the removal of monopoly mauler Thurman Arnold. For it was Mr. Arnold who reputedly suggested only two weeks ago the possibility of prosecution of the A.F. of L. for violating the anti-trust laws. It was he who said that O.P.M.'s Hillman was wrong to grant 300 Michigan defense houses to the A.F. of L., when the C.I.O.-organized Currier Lumber Company had bid $431,000 lower. And it was Arnold who brought to light O.P.M's secret and illegal order...
Corwin Edwards, of Washington. D.C., chairman of Policy Board, Anti-Trust Division, U. S. Department of Justice as visiting lecturer on Economics...