Word: fcc
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Taxes. Tempted by soaring prices, about one quarter of the owners sell out every year. Buyers put down only 10% to 25% -most of it borrowed from bankers, who give high ratings to radio investments. The FCC reckons that two-thirds of the owners pay practically no taxes, thanks to depreciation rules that permit writeoffs over an average of eight years. The men who make the rules are quick to take advantage of them. Edmund C. Bunker, president of the Radio Advertising Bureau, estimates that one-third of the members of Congress have interests in broadcasting...
Sudden Switch. In 1959, with the Daly-Daley precedent in mind, Congress amended 315 (a), but the FCC's strict letter-of-the-law enforcement kept broadcasters grumbling. In 1960, Congress passed a joint resolution suspending the equal-time requirements for that year's presidential candidates...
...screen the memorable Nixon-Kennedy debates, as well as many other informative political programs. But the waiver was for 1960 only; two years later, after CBS and NBC covered a luncheon held for Nixon and Pat Brown during the California gubernatorial race, the networks were forced by the FCC to give Prohibition Candidate Robert Wyckoff equal time...
...then changed back to Texas Broadcasting after Johnson became President. It has expanded considerably, now includes real estate holdings and shares in other broadcasting companies. In 1954, when Lyndon was Senate minority leader, the Johnsons bought KANG, a foundering UHF (ultrahigh frequency) television station in Waco. The FCC had just given a VHF license to a proposed Waco TV outlet, KWTX. CBS, which had been negotiating with KWTX, quickly decided to award its contract to KANG instead. Shortly thereafter, so did ABC. Then, with FCC approval, the Johnsons increased the transmitting power of their Austin station and made a costly...
...Obvious Pressure." The FCC says that Johnson has never tried to intervene in the agency's radio-TV rulings-in Texas or anywhere else. Said one FCC man recently: "I've never once had anybody pressure me on behalf of Lyndon Johnson. The pressure there is an obvious one, though. It simply stems from the position occupied, particularly when you have a company named the LBJ Co." A longtime KTBC employee recalled a meeting of the station's department heads in Austin. Said he: "Both the Johnsons were there. Mrs. Johnson asked a few questions and made...