No More Learning

It may be recalled that from 1965 to 1967, an attempt by International Telephone and Telegraph (lIT) to acquire ABC was frustrated following a huge outcry that focused on the dangers of allowing a great multinational corporation with           foreign investments and business activities to control a major media outlerY The fear was that ITT control "could compro-
mise the independence of ABC's news coverage of political events in countries where lIT has interests.