Word: network
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Dates: during 1960-1969
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...according to the script, was to be CBS's suave President Dr. Frank Stanton. But in a prologue that could turn into a theme, the FCC first put on the stand one of its economists, Dr. Hyman H. Goldin, who in staggering detail spun out the story of network TV's rich growth from earnings of $9,900,000 in 1952 to $95,200,000 in 1960. The implication seemed clear: With all that money, why should not TV-under FCC guidance-spend a lot more for public service programs...
...rest of the week's performance, the elaborately polite principals acted as if that bristling question had never been suggested. Playing Alphonse, Minow was full of assurances that the FCC is only an interested monitor and does not want to take an active hand in network programming, and he added ceremoniously that "this is the way it should be in a free society. We are determined that it shall so remain...
Richard Salant, President of CBS News, did some justifiable bragging about the best part of television, pointing out that 17% of the network's total programming is in the news area, and that this year CBS has almost half again as many public-affairs shows as it had last season. (If this was in response to Minow's prodding, he did not say so.) Stanton picked up the theme of TV's inherent greatness -"new worlds, new horizons, new experiences"-and promised that in the American cultural boom of the soaring sixties, television would develop...
...proposed merger would come a massive rail network with 20,372 miles of track crisscrossing the big industrial areas from Boston to St. Louis. With assets of $4.2 billion and combined annual revenue of $1.5 billion or more, the new Penn Central line would tower far above any other U.S. railroad and with its subsidiaries would rank as the 13th largest corporation in the country...
Townsend went on to merge the Chrysler-Imperial division with Plymouth, cutting overhead still further. To inspire Chrysler's wobbly dealer network, he offered sales incentive payments of $50 on every Dodge and Plymouth sold by dealers who order their full 1962 quotas. Under Townsend's prodding, Chrysler is building sales and service facilities that it will lease out in areas where potential dealers are unwilling to invest their own money...