One day last year, the seven members of the Federal Communications Commission rolled up to the White House in an off-white station wagon just as CBS President Frank Stanton was getting out of his gleaming, chauffeured limousine. They had all been invited to witness the signing of the Public Broadcasting Act by President Johnson. But unlike the executives in the industry that they are supposed to oversee, neither FCC Chairman Rosel Hyde nor his colleagues had at their disposal a limousine or a driver.
Despite its apparent poverty, the FCC does have some...
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