Word: fcc
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Dates: during 1960-1969
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...telephone communications, most long-distance operations, and an increasing share of the fast-growing data-transmission business. It remains a private monopoly largely because of rate accommodations with the Federal Communications Commission and with a bewilder ing variety of state and local regulatory agencies. The FCC is currently engaged in its closest scrutiny yet of A.T. & T. operations. One principal issue is A.T. & T.'s fixed rate of return on investment...
...Harvey Oswald, TV news demonstrated its tireless capability and versatility. For millions upon millions, the President's funeral became a heart-moving personal experience. "Television held the country together over the transition period in a unique way and helped preserve the whole democratic process," says onetime FCC Chairman Newton Minow, who exempts TV news from his charge that the medium is a "vast wasteland...
...Pillbox. Elected RCA's board chairman in 1947, Sarnoff weathered the roughest of electrical storms in 1950 when the FCC licensed the CBS color television system nationally, turned thumbs down on RCA's. Sarnoff retreated to the labs. Within a year, his scientists had worked out a system that virtually elbowed CBS out of the picture...
Family Line started out as a ratings gimmick, but the series is nevertheless as true to life as the FCC's rules will allow. The wilder obscenities are excised, but not the wilder shouts of protest. "Best way I can sum it up is this," says one bitter Negro youth, in a psychodrama about his failure to get a job: "If you're Protestant and white, you're happy and free; if you're black, you stay back just like me. I get so sick and tired of this damned line about equal opportunity...
...78? last week; for 1,310,000 shareholders, this meant a total loss of $8.6 billion in the value of their investment. In roughly the same period, the world's most widely held stock, A. T. & T. (which has also had its troubles because of FCC rate investigations), went from 68? to 53, representing an $8 billion loss to 2,840,500 shareholders?most of them small investors...