...competition between the licensee and any other existing station may cause economic loss to the latter. If such economic loss were a valid reason for refusing...result which the Act itself expressly negatives,' which Congress would not have contemplated without granting the Commission powers of control over the...

...competition between the licensee and any other existing station may cause economic loss to the latter. If such economic loss were a valid reason for refusing...broadcasting, a result which the Act itself expressly negatives,8 which Congress would not have contemplated without granting the Commission powers of control...

...competition between the licenses and any other existing station may cause economic loss to the latter. If such economic loss were a valid reason for refusing...a result which the act itself expressly negatives which Congress would not have contemplated without granting the Commission powers of control over the...

...comes in and says this new station is going to hurt me competitively ; so do not grant the license — If such economic loss were a valid reason for refusing...a result which the act itself expressly negatives — This follows the language that is generally applicable to public utilities. I cannot see that the...

...valid reason for refusing n license t hi-» icould mean that tlic Commission's finu-tion i* to yrant a monopoly in the field of broadcasting, a result which the Act itself cxiiraixlu neyatirea » * * [Italics added.] We are not aware that existing networks entered the field...

...competition but to protect the public . . . ... If such economic loss [resulting from competition] were a valid reason for refusing a license this would...a result which the Act itself expressly negatives . . .no Even when substantial broadcast investments are subject to license renewal,111 the public interest...