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Since 1927, the FCC has been prohibited from granting broadcast licenses to aliens and foreign-controlled corporations. In this instance, a foreign-run enterprise is defined as any company that is incorporated abroad, is more than 20% foreign-owned or has even one alien as an officer or director...

Author: /time Magazine | Title: The Law: Sheiks Bearing Gifts | 1/20/1975 | See Source »

...Congress 87 years ago to bring the freewheeling railroad barons into line, the regulatory agencies have proliferated by the score into today's alphabet soup. In 1920, Congress set up the Federal Power Commission (FPC) to watch over the burgeoning hydroelectric industry; in 1934, the Federal Communications Commission (FCC) to monitor the new radio industry; in 1938, the Civil Aeronautics Board (CAB) to police the airlanes; in 1946, the Atomic Energy Commission...

Author: /time Magazine | Title: Time Essay: How to Regulate the Regulators | 10/21/1974 | See Source »

...Connor's three-night burst of invective, which must be a bizarre first for television news, was the high point of an incestuous melodrama starring the crusty silver-maned commentator, Illinois politicians, station and network executives, the FCC and a couple of public-spirited wives...

Author: /time Magazine | Title: The Press: Incestuous Invective | 10/14/1974 | See Source »

Sagan complained to WMAQ executives, who offered him rebuttal time. Instead of accepting, Sagan filed a formal protest with the FCC. The complaint was dismissed by the commission's staff, and the issue seemed dead...

Author: /time Magazine | Title: The Press: Incestuous Invective | 10/14/1974 | See Source »

Sagan was not ready to quit. He appealed to the FCC, asking for a reversal of the staff finding. During the summer, NBC lawyers in Washington began negotiating with Sagan's lawyers to give the publisher ah-time acceptable to him if he would drop his formal complaint...

Author: /time Magazine | Title: The Press: Incestuous Invective | 10/14/1974 | See Source »

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