Word: antitrust
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...During the early 1950s, NBC produced 90% of its own shows. But as broadcasting hours stretched out from predawn to long past midnight, the networks gradually turned to outside packagers to fill up the schedule. Partly this was due to pressure from the Justice Department, which in 1956 threatened antitrust action unless the networks gave independent producers a better share of good TV time. More significantly, in cutting back network-originated production 20% between 1956 and 1959, NBC was able to slice its "creative" payroll, slash overhead...
...ANTITRUST ACTION against General Motors is mounting. Justice Department filed suit in Manhattan Federal Court to force G.M. to give up its Euclid Division, which it acquired in 1953 for $18 million. Trustbusters charge that G.M.'s control of Euclid (80% of off-highway trucks, 5% of overall market) tends to create a monopoly...
...vice president and general counsel of Standard Oil Co. (Ind.), was named president and chief executive officer of the trouble-torn United Fruit Co., succeeding Kenneth H. Redmond, 64, retiring after 42 years with the company. Sunderland, who admits he "knows nothing about bananas," is an expert in the antitrust problems that plague United Fruit; under a 1958 antitrust decree, United Fruit must sell off some of its properties, give up 35% of its import business. A Michigan-born lawyer, Sunderland saw World War II service in the Army Air Forces, became a Standard director and vice president...
...Reactionary" proposals, on the other hand, find favor only within a small clique at the College: only a twelfth back either repeal of antitrust legislation, or "marked reductions" in our Mutual Security program. This is the Fortnightly crowd--laughed at when they are not ignored...
DISPUTED RULING by CAB allows financial Wheeler-Dealer Floyd Odium's Atlas Corp. to control West-Coast-based, non-sked Transocean Air Lines while it already controls Northeast Airlines. In a 4-1 opinion, CAB declared Odium violated Sherman Antitrust Act, but said illegal action was "outweighed by public interest...