Radio: Young Monster

During 1948, U.S. television showed every sign of being a young monster. In one year, TV's formless, planless growth has caused seismic-like cracks in the foundations of such industries as radio, movies, sports and book publishing.

Everything about U.S. television is big —including its losses. Not one TV station is yet in the black. NBC operates its television network at an estimated loss of $13,000 a day. But with all its imponderables (see BUSINESS), U.S. television continues to snowball ahead at the rate of 1,000 new sets installed every 24 hours.

Not everyone finds this production flood a cause for cheering. Three months...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!