Radio: Leaning Tower of Babel

Television's proud edifice, though still unfinished, is already showing cracked plaster and faulty brickwork. Last week, the architects were blaming everything from the other fellow to the unseasonable weather.

Hardest hit were the networks, which have poured the most money into TV and reaped the least profit. This year CBS has made $500,000 less than it did in the first half of 1948. Du Mont's books have a reddish tinge and ABC, which can least afford it, is losing most of all. NBC does not release a balance sheet, but it is no exception. Of 76 TV stations in the U.S., only...

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