Word: fcc
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Dates: during 1970-1979
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When it became a regulation in 1949, the Federal Communications Commission's fairness doctrine was considered a boon for electronic journalism. Now, in an important test case pending before the U.S. Court of Appeals in Washington, the National Broadcasting Co. claims that the FCC'S current interpretation of the rule will throttle investigative reporting...
...doctrine originally freed radio and television from a 1940 FCC ban on airwave editorializing and crusading. But it also required broadcasters to give "reasonable opportunity for the presentation of contrasting viewpoints on controversial issues." The FCC promised not to tell broadcasters how this was to be done; it reserved the right to judge whether they handled the balancing of issues "reasonably and in good faith...
...constructive and superlative investigative reporting.") But Accuracy In Media, a nonprofit, nonpartisan (though generally conservative) group in Washington that acts as a self-appointed watchdog on press performance, protested. AIM Executive Secretary Abraham H. Kalish, a former professor at the U.S. Defense Intelligence School, formally complained to the FCC that the NBC program gave "a grotesquely distorted picture" of the private pension systems in the U.S. He contended that AIM'S monitoring of NBC programs had turned up no balancing discussion of successful pension programs and that the network had thus "violated the fairness doctrine" by presenting only...
...stock of RCA, the parent of the National Broadcasting Co.; Bankers Trust Co. voted more than 10% of the stock of the American Broadcasting Co. and just under 10% of the stock of Metromedia. Banks have been so deeply into broadcasting that in 1972 the FCC had to liberalize its rules to increase, from 1% to 5%, their maximum legal share of ownership of more than one major broadcasting company. Otherwise, the banks would have had to sell $976 million in the stock of 25 broadcasting companies, a move that might well have depressed many shares...
...with the clerks of the counties in which the nominees are based. Still it is difficult for the shareholders to penetrate the web of nominees' names to find who really controls his company. Even some Government agencies have failed to identify the institutions behind the nominees. When the FCC learned in 1969 that the banks were in violation of its 1% holding rule, it was because the banks themselves had confessed their error. The commission's specialists never had attempted to decipher the big banks' identities...