Word: fcc
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Dates: during 1960-1969
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...government, the trend is toward more privacy. Recently the FCC banned the use of radio devices by private citizens to eavesdrop on others. The civil service abolished personality tests. The Internal Revenue Service, which had been caught bugging rooms where taxpayers conferred with lawyers, promised never to do it again. The Post Office walled up the peepholes through which its agents had been spying on postal employees in their locker rooms and toilets...
...some choice downtown real estate consisting of a highly automated modern printing plant that he says is a "jewel" and, as an added bonus, the Pascagoula (Miss.) Chronicle (circ. 10,050). The deal also included half-interest in Mobile's WKRG and WKRG-TV, which means that the FCC must give its approval before the bargain is finally sealed...
...FCC has insisted that it is "not trying to get A.T. & T.," but the investigation is giving investors quite a wringing. Since the commission announced its probe last Oct. 27, A.T. & T. stock has plunged from 66⅞ to last week's 1966 low of 52⅛, closed the week at 54. The sellers have been mostly big institutions, but the company fears that the investigation could begin to frighten off small investors as well. Already the paper loss on the stock has grown to a staggering $6.82 billion, more than double the gross national product of Ireland...
...Manhattan Lawyer Benjamin Javits, 71, brother and former partner of U.S. Senator Jacob Javits, last week ran large ads in major newspapers, soliciting investors to send in 100 for each share of A.T. & T. that they own in order to create a war chest. Javits wants to induce the FCC to scrub its investigation in favor of a friendlier "roundtable conference," contends that the company is entitled to at least 8% on its investment. His slogan: "Owners of the world, unite...
With Congress in recess, among the few items of business to cross the President's desk were the resignations of Federal Communications Commission Chairman E. William Henry and Assistant HEW Secretary Francis Keppel. Memphis Lawyer Henry, who as FCC chief since 1963 has stung A. T. & T. with a still-in-progress study of its rate setup but soft-pedaled his predecessors' criticism of the TV industry, is anxious to return to private practice. In three years at HEW, Keppel made its Office of Education the nation's most innovative force in public education (TIME cover...