Word: antitrusters
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Dates: during 1960-1969
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...Blood. The bad blood between RCA and Philco dates back to a 1957 antitrust action in which Philco charged that it was unfairly handicapped in its manufacture of radio and TV sets by RCA's industry-blanketing control of some 12,000 patents, and demanded $150 million in treble damage payments. RCA angrily countered with charges of patent infringement against Philco. A consent decree negotiated by the Justice Department in 1958 put the RCA patents in a royalty-free pool, but the legal battle between Philco and RCA raged on through a maze of hearings and counterclaims...
...offensive-an attempt to involve Ford in FCC hearings on license renewal for WRCV. RCA's Philadelphia TV station. Philco. which owned the station until 1953 and wants to get it back, has long tried to convince FCC that because RCA has been involved in a number of antitrust actions, it is not qualified to hold "a grant which must be exercised in the public interest." In rebuttal, RCA last week filed a counterreport reminding FCC that if Philco got the station it would be tantamount to giving it to Ford, and "within the past three years alone, Ford...
...Justice Department announced that it would start a grand jury investigation to see whether the steel industry had violated antitrust laws through collusive pricing. Bobby Kennedy declared that the Department of Justice was going to consider whether U.S. Steel ought to be "broken up" on the legalistic grounds that it had monopoly power to set industrywide prices...
Congressional Democrats joined in the hue and cry. Brooklyn's Representative "Manny" Celler said that his Antitrust subcommittee would hold hearings on steel pricing beginning in early May. Tennessee's Senator Estes Kefauver, that intrepid investigator, said that his Antitrust and Monopoly subcommittee also would probe the steel industry...
MERGERS. Implicit in Kennedy's message was a more relaxed Washington attitude toward railroad and airline mergers that would help to eliminate duplicate facilities. Where the Government has previously tended to focus chiefly on the antitrust aspects of mergers, greater weight now seems likely to be given to purely economic considerations. The President pointedly ignored requests by the rail unions that he restrain mergers which might endanger jobs...