Word: expand
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Dates: during 1950-1959
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Changing the Tune. The radio field was being invaded by so many newcomers that Sarnoff got worried; he thought RCA should expand into other fields. But RCA's profits were needed to keep pace with the mushrooming radio business; there was little left for the kind of expansion he had in mind. So Sarnoff began his famous series of expansions without cash; he traded RCA products and stock for the companies he wanted. RCA had developed the Photophone, a device for talking movies, and traded rights to it to Radio-Albee-Orpheum and F.P.O. Productions...
...Sarnoff, these were all skirmishes, nothing to scare him from his plans to expand RCA into new territory. He is already itching to put RCA into the electric-appliance business, NBC into the movie business (to make films for television), and is planning a "pay-as-you-hear" TV system which would not depend on telephones as does Zenith Radio Corp.'s system (TIME, June 4). Above all, he is confident that the vast sums he has poured into research will continue to pay off with more spectacular advances than even his color television tube...
...industry has been asked to drill 43,000 new wells this year and to expand refining capacity by a million barrels a day. It can do so if it gets the tubular steel...
...doing well to get $200,000 a year in gifts and grants. In 1949, Murphy saw the figure rise to $300,000; in 1950, to $357,000; and in 1951, to $700,-000. He persuaded the legislature to give him the unprecedented sum of $3,800,000 to expand the school and its hospital. He raised faculty salaries all around, went after the ablest young men he could find for his staff...
...Kaiser Aluminum & Chemical Corp., already the third biggest producer of aluminum in the U.S., last week was granted tax advantages to expand still further, boost its capacity another...