Word: presse
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Dates: during 1920-1929
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Federal Radio Commission reconsidered. Month ago, it changed its plans, ordered that one public utility press corporation be formed through which all member news companies might send their news. To the new company would be allocated 30 transoceanic channels immediately, plus 20 transcontinental channels so soon as "need" was shown for them. All newspapers, all press associations could subscribe to the corporation's stock...
Last week, carrying out this Commission order, Press Wireless Inc. was formed, approved by the Commission.! "Charter" members are: Chicago Daily News, Chicago Tribune,* San Francisco Chronicle, Los Angeles Times, Christian Science Monitor. President is the Tribune's Joseph Pierson, trustee for American Publishers Committee. Capitalization was set at $1,000,000, of which $116,000 was paid in. Stock may be purchased by subscribing news-purveyors, minimum $1,000, maximum $25,000. Stockholders are given rights to send news through the ten stations of the company soon to be erected...
...Commission be enjoined from allocating the wavelengths to the new corporation, that the new corporation be enjoined from erecting its transmitting stations. Universal's complaints: 1) It had been given unconditional rights to certain wavelengths last year; 2) The new company would be a "death blow" to U. S. press competition for news...
...Manhattan dailies?Times, Herald Tribune, World, Sun?with many a news-sending device at their command, last week had not yet signified intent to subscribe nor had the big news services, Associated Press, United Press...
Said he: "It is chiefly the press that has raised its voice loudest against the principle of medical ethics that places a taboo on advertising by the physician. It is readily admitted that the lifting of the ban . . . would result in a great financial gain to the press...