Word: options
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Dates: during 1940-1949
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...order forbidding stations to give a single network options on most or all of their daily broadcasting time (as at present) was amended to provide that within each of three five-hour periods and one nine-hour period a station can give options on up to three hours. (But a chain must ake up its option on no less than 56 days' notice, and the time goes to the first chain that actually buys it.) Purpose: to enable a network to "clear" the same hour over a sufficient number of stations for program sponsors...
Excess Profits: Bitterest fight in Congress was over the Treasury's demand to junk the average-earnings method of figuring excess-profits taxes. The Treasury lost. But the definition of "excess profits" was changed for companies using the investment-capital option: they must figure their excess-profits credit (formerly a uniform 8% of capital) as a 8% return on the first $5,000,000 in capital, 7% on the balance...
Because the concerts are primarily for officers and students of the University living in or near Cambridge they have prior option on the tickets, allotted by college seniority. All applications for tickets must be in by tomorrow to avoid the federal tax which goes into effect October...
...universal meal rate which 60% of the College voted for last May will officially go into effect in all the House dining halls starting with this morning's breakfast. The purpose in replacing last year's option of signing for 21 meals at $10, for 14 meals at $8.50, or for 10 meals at $7.50 by a uniform board rate of $8.50 per week for 21 meals is to lower the living costs of the majority of students resident at the College...
What was in the letter? What had been said at that mystic tryst off the rock-bound Coast of Somewhere? While the whole world cupped its ear, the Ministry of Information permitted correspondents to cable that His Britannic Majesty's Prime Minister had refused an option on 600 of the long, three-shilling (60?) Havanas he loves...