Word: fcc
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Dates: during 1940-1949
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Nonetheless the manpower crisis itself has upped both companies' labor turnover to such an extent that Congress' solicitude for their 65,000 employes will not be nearly so costly as it sounds. And if & when the FCC approves a specific merger plan, the end should more than justify the means. Postal, which went through the wringer only two years ago, is again loaded with debt-this time $9,000,000 of RFC notes-and lost over $4,000,000 last year. Western Union, with some 80% of the U.S. telegraph business, turned in a good profit...
This dissenting opinion, delivered last week by two FCC commissioners, raised again an important question of public policy for radio. It was a by-product of the approval by FCC as a whole of the sale of New England's biggest radio chain, the 21-station Yankee Network, to General Tire & Rubber Co. of Akron...
...skirmish started when FCC charged the company had "excess earnings," should therefore slash "burdensome rates" on long-distance calls. Retorted A.T.&T. : lower rates would "stimulate traffic at a time when such stimulation would be contrary to public interest." With business running 33% above last year, the company's lines are already so talkpacked that additional calls could be handled only with more scarce equipment, more hard-to-get manpower. Besides, said A.T.&T., profits are down, not up - FCC "erroneously treated as earnings" over $50,000,000 which the company must pay in Federal taxes...
...stubborn FCC was not to be shaken off; it ordered the company to appear for rate hearings in mid-December...
...FCC Chairman James Lawrence Fly-called upon Petrillo (and on NBC President Niles Trammell) to explain the ban on the high-school musicians...