Word: antitrusters
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...merger designed to turn Interna tional Telephone & Telegraph Corp. and American Broadcasting Co. into a $2 billion telecommunications company was a good idea. Last week the FCC changed its mind. The reason for the reversal was simple: the merger is being strongly protested by the Justice Department's antitrust division - an agen cy that easily outranks the FCC in Wash ington's hierarchy. Bowing to the anti trust division's argument that the ITT-ABC merger might impede competition and open ABC public affairs pro gramming to pressure from ITT's foreign customers...
...decision probably earned Jus tice's trustbusters temporary relief from recent complaints that they have been too lenient with big-business mergers. Such criticism falls most heavily on Donald F. Turner, 46, who in two years as Assistant Attorney General in charge of antitrust has become resigned to trouble. "There are strong emotional views on antitrust," he says, "ranging between those who think it is too tough and those who think it so soft as to be antiquated." Now he is mostly under attack as being too soft, by critics who note that in 1966 "large firm disappearances" (acquisitions...
...passed a stiff crime bill for the District of Columbia that he considered reactionary and unconstitutional, he prevailed on Johnson to veto it. He has ordered the Justice Department to discontinue all wiretaps except those clearly involving national security. Like his father, who was once the department's antitrust chief, he favors tough enforcement of laws against monopoly and price fixing...
...laboratory filled with shiny, sterile stainless steel and glassware, to be worked over by skilled technicians in white coats. He has no doubt about the accuracy of the results, because his doctor shows none. That blind faith is unjustified, a succession of medical experts told the Senate antitrust subcommittee last week. In fact, Dr. David...
...what is fast becoming an ugly intragovernmental feud over the creation of an electronics and broadcasting giant, the Justice Department insisted that the FCC had violated the law by not holding more complete hearings. Antitrust Chief Donald F. Turner is arguing that the merger may be harmful on at least two grounds: 1) that ITT once intended to create a fourth television network and is buying up the third instead, and 2) that ITT anticipates a tidy cash flow from ABC. ABC lawyers contend that a reverse flow will be more likely: at least $140 million will have...