For at least two years the Public Broadcasting Service has searched for a way to use a hidden portion of its television signal for a moneymaking purpose so that it could compensate for dwindling financial support from the Government. Last week PBS announced a venture that could provide a vital source of income. The broadcasting service plans to join with IBM and Merrill Lynch to send out stock quotations and financial news that customers can view on IBM-compatible personal computers. IBM and Merrill Lynch will pay the start-up costs of the service.
PBS will send the data by satellite to its...
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