As a businessman, pink-faced Edward Lamb of Toledo is a thumping success. He presides over a varied collection of two dozen companies, six radio and TV stations and the Erie (Pa.) Dispatch. As an amateur politico, Lamb has had almost as varied a career. In the '30s and early '40s his name popped up on the membership lists of several fellow-traveling outfits, e.g., the International Labor Defense. In 1948 he supported Dewey. In 1952 he backed the Democrats.

In 1954, after Ed Lamb's license to operate his station WICU-TV in Erie, Pa. came up for a...

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