Word: radioed
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Dates: during 1920-1929
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Last week, in Paris, Morgan-Partner Thomas W. Lamont agreed with Chairman Owen D. Young of the Radio Corp. of America that it would be pleasant for all concerned if the International Telephone & Telegraph Corp. should take over Radio's newborn (TIME, April 1) subsidiary, R.C.A. Communications, Inc. So formal and so important was this friendly agreement that it at once was called an ACCORD. A price was mentioned, around $100,000,000. Vice President David Sarnoff of Radio and Nelson Dean Jay of Morgan's Paris house talked details. U. S. directors of both companies hastily met and approved...
...held a violation of the law, will doubtless be haled before the courts. As Negotiators Lamont and Young are famed not only as financiers, but also as highly ethical businessmen and citizens, they could scarcely plan to flout the law. The only possible alternative, therefore, is the proposition that radio and telegraph do not, in fact, compete...
...Chairman Young asserts such doctrine publicly, he will deeply shock radio-bugs who insist that because radio is the most recent of communication devices, it is also for all purposes the best. But it is probably true that wherever wires can be conveniently laid and wherever traffic is heavy, wires are better than wireless. In a world system, telegraph wires act as collecting and distributing agencies for the long-distance leaps of cable and radio. Some such far-seeing plan may have been in the minds of Negotiators Lamont and Young, last week, when they proposed to join R.C.A. Communications...
...branched suddenly and surprisingly into Spain, began modernizing a hopelessly antiquated telephone system. Four years later it had added a vast manufacturing unit (International Standard Electric Corp.); two cable companies (All-American Cables, Inc., Commercial Cable Co.); a telegraph company (Postal Telegraph and Cable Corp.); a radio company (Mackay Radio and Telegraph Co.). It had invaded five states (Argentina, Brazil, Chile, Mexico, Uruguay) of Latin America. Last week, unnoticed in the merger excitement, it picked up the U. S. & Haiti Cable Co., opening a new line between New York and the West Indies...
...longer be announced. Amazing B.B.C. explanation: Hundreds of listeners have complained that when they hear Actor John Doe in the role of Hamlet, having last seen him perhaps as Sherlock Holmes, their visual memory of a detective in a checked overcoat greatly impairs their ability to obtain over the radio an auditory image of a gloomy Dane addressing the skull of "Poor Yorick." If the actor's name is not announced, the British listener can concentrate satisfactorily, enjoys the auditory image...