Word: fcc
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Dates: during 1960-1969
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...Lion, Pa., stopped by the Federal Communications Commission headquarters when he was in Washington recently. What made his visit notable was that Norris, who also happens to be a Bible Presbyte rian minister, brought along six asso ciates. All seven of them planted themselves outside the door of FCC Chairman Rosel Hyde, bowed their heads and began a pray-in, asking the Great Commissioner up yonder to force a decision on a TV franchise application that the FCC has been sitting...
...station will begin stereo broadcasting Monday at 9 p.m. from a new 3,000 kilowatt transmitter atop Holyoke Center. WHRB-- which has been off the air this Fall because the FCC hasn't approved a new 3000 kilowatt license--Will come on the air with its standard 850 kilowatt license today from its new transmitter...
...contrast, TV stations themselves have fewer such costs and, sometimes, less "public service" conscience. As a result, the 15 network-owned stations netted $108 million last year before taxes -41.2% of gross earnings. The other 593 stations included in the FCC report turned a pretax profit of $306 million-29.6% of gross...
...after the company announced that it will fight a Federal Communications Commission finding that it is making too much money for a public utility. Long among the most depressed of the blue chips, A.T. & T. shares had suffered another $2 billion in paper losses early this month after the FCC ruling, and even at week's end remained nearly a third, or $ 11 billion, below their 1964 peak...
What impact a new set of rate reductions will have on A.T. & T.'s revenues is hard to say. In 1965, when the company agreed with the FCC on a $100 million rate reduction, it was passed along to the consumer in the form of cheaper rates for three-minute long-distance calls during special hours. That led to a spectacular surge in traffic, and in profits. But that was in a year of spectacular consumer spending. Whether a new rate cut will produce the same results in 1967 is far from certain...