Business & Finance: Much Love

From the offices of the Federal Radio Commission there issued, last week, a dictum. The Commission exercised its right to allot the 639 short-wave channels which are available to commercial broadcasters in the U. S. ether. The Commission had to discriminate among 848 applicants, who asked a total of 2,204 channels.

The Commission's dictum was no routine order. It contained many a bombshell. It allotted no additional channels to Radio Corp. of America or to the Mackay Radio and Telegraph Corp. but directed those two most potent applicants to appear for further hearings. Even more surprising was the allocation of 40 channels...

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