Word: fcc
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Dates: during 1960-1969
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...syndicate of Texas businessmen had been trying to buy KTBC long before the Johnsons entered the scene, but the FCC refused to approve the sale. In December 1942, a member of the syndicate, Austin Businessman E. G. Kingsbery, met with Lyndon Johnson, then a 34-year-old Congressman. As Kingsbery remembered that meeting, Lyndon first reminded him that Kingsbery's son had obtained an appointment to the Naval Academy through Johnson's office. Said Lyndon: "Now, E.G., I'm not a lawyer or a newspaperman. I have no means of making a living. At one time...
...Monopoly. By 1952, when Lyndon Johnson was a U.S. Senator, television arrived, and the FCC gave KTBC the only very high frequency (VHF) channel in Austin. The station quickly picked up highly profitable contracts to carry programs from all three major networks-CBS, NBC and ABC. Unlike most single-channel cities, there is no "overlap" from stations in nearby cities-which means that the Johnsons own a television advertising monopoly in the whole Austin area...
Tough Watchdog. The most influential, and consequently the most controversial, of Washington's alphabet soup of agencies are the Big Seven independents-the Federal Trade Commission (FTC), Federal Power Commission (FPC), Federal Communications Commission (FCC), Interstate Commerce Commission (ICC), Securities and Exchange Commission (SEC), Civil Aeronautics Board (CAB) and the National Labor Relations Board (NLRB). In addition, the Food and Drug Administration must clear all prescription drugs and the Federal Aviation Agency, whose annual budget of $775 million is the largest of the agencies, sets safety standards and regulates the design and production of aircraft. The agencies spend about...
...FCC's E. William Henry is a Memphis lawyer who succeeded Newton Minow, and echoes his "wasteland" criticism of TV, is still feeling...
Under the FCC decision, TV Cable will be hard put to compete...