PENNY-A-PACK BOOST is in store for smokers of king-size cigarettes. American Tobacco, Liggett & Myers, and Philip Morris have increased wholesale prices as much as 40¢ per 1,000 (to $9.50), and retailers are expected to pass the boost on to their customers.
RADIO & TV PROBE by the Federal Communications Commission, likely for this year, will be the first full-scale look at the industry since the famed "chain broadcasting" investigation of 1938. FCC wants to take a close look at the economics and operation of the industry, especially the role played by sponsors, talent and ad agencies, has asked Congress for an...
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