Word: radio-tv
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...KTBC Story. The cornerstone of Johnson holdings is KTBC, an Austin radio-TV operation that was bought in 1943 with a $17,500 certified check from Lady Bird Johnson. At that time, KTBC was an unsuccessful 250-watt radio station that had been in trouble with the Federal Communications Commission over regulatory violations. As Johnson family lore has it, it is the President's wife who has parlayed an inheritance of $67,000 and some Alabama land into the present family fortune by masterminding both purchase and management of KTBC. But other people recall it differently...
...Obvious Pressure." The FCC says that Johnson has never tried to intervene in the agency's radio-TV rulings-in Texas or anywhere else. Said one FCC man recently: "I've never once had anybody pressure me on behalf of Lyndon Johnson. The pressure there is an obvious one, though. It simply stems from the position occupied, particularly when you have a company named the LBJ Co." A longtime KTBC employee recalled a meeting of the station's department heads in Austin. Said he: "Both the Johnsons were there. Mrs. Johnson asked a few questions and made...
...still finds time for the public ribbon-snipping that Betancourt found so useful. Last month, on a trip to Maracaibo, Leoni dedicated a new teachers col lege, the first section of a 1,000-home housing project, a new tumor-study center at Zulia University Hospital, and a new radio-TV relay station-all in only two hours before a luncheon date...
Within minutes, D.P.A. flashed a blitz message-KHRUSHCHEV DEAD-to its 1,290 newspaper and radio-TV clients, chased that five minutes later with the brief text-now embellished with a Moscow dateline-that it had received from the radio station. The A.P., U.P.I., and most other wire services feverishly started checking Moscow, leaving Reuters as the only major agency that relayed the heavily qualified bulletin: KHRUSHCHEV REPORTED DEAD BUT REPORTS UNCONFIRMED...
...Carlos tossed his treasures away like toy trinkets. The Italian nation al radio-TV network bought the building although the Tiepolos are now unpurchasable state treasures...