Word: mutualized
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Dates: during 1940-1949
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Meet the Press (Fri. 10 p.m., Mutual). FCCommissioner Clifford Durr being fired at by four reporters...
Meet the Press (Fri. 10 p.m., Mutual). Henry Wallace in Paris v. four newsmen in New York...
This week, 14 George Foster Peabody Awards (radio's annual "Oscars") were handed out. The chief winners: ABC's Comic Henry Morgan, CBS's Columbia Workshop, NBC's Orchestras of the Nation and CBS's Invitation to Music, Mutual's Meet the Press, ABC's broadcast of John Hersey's Hiroshima, the New York Herald Tribune's radio columnist, John Crosby. Awards for "outstanding reporting and interpretation of the news" went to Commentator William L. Shirer and the Columbia Broadcasting System-which recently (TIME, March 31) dropped Shirer's program...
With a big wad burning a hole in his pocket, Paul F. Clark, president of Boston's John Hancock Mutual Life Insurance Co., dropped in on Los Angeles. He wanted to invest his company's cash in a new housing project which house-hungry Los Angeles badly needed. But last week Clark decided against it; he saw clouds ahead for even Sunkist Angelenos. Said he: "We can't help solve your housing problem because of your real-estate inflation. An insurance company can't invest in blown-up values. Real estate is more inflated in California...
Since self-regulation is preferable to government regulation, the Report goes on to make five concrete recommendations to the press and five more to the government. Among these it urges a vigorous mutual criticism among the elements of the press and an increase in the effectiveness and independence of its staff (for example, by extending such programs as the Harvard Nieman fellowships). Since monopolistic tendencies involving newsprint, news services, and trade antagonism make increasingly difficult the founding of new newspapers, the government should enter the picture in a limited capacity. Anti-trust laws must be used to ensure real competition...