I have said, and I believe, that potentially we have in this country a free enterprise system of radio and television which is superior to any other. But to achieve its promise, it must be both free and enterprising. There is no suggestion here that networks or individual stations should operate as philanthropies. But I can find nothing in the Bill of Rights or the Communications Act which says that they must increase their net profits each year, lest the Republic collapse.
About this quote
- What does it mean?
- Broadcasting should be free and innovative, but it is not obligated to maximize profits every year.
- In plain terms
- Media should be free, not forced to chase profits.
- What can you take from it?
- Support media that values public service over profit.
Where it applies
Putting it to work
Questions to consider
- Should media make money?
- What matters more, profit or public service?
Another view
Without profit incentives, media may lack resources for quality.
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