OAK LEAVES AND THE ORIGINS OF THE 1927 RADIO ACT

THE RADIO ACT OF 1927 WAS ENACTED SO AS TO PRE-EMPT THE COMMON LAW PROPERTY RIGHTS THEN BEING ASSERTED OVER RADIO WAVES, THUS FACILITATING A POLITICAL EQUILIBRIUM WHERE BROADCASTERS AND REGULATORS SHARED LICENSE RENTS. THE OAK LEAVES BROADCASTING STATION CASE OF 1926, AWARDING A.M. FREQUENCY RIGHTS...

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Bibliographic Details
Published in:Public choice 1998-01, Vol.95 (3-4), p.277-285
Main Author: Hazlett, T W
Format: Article
Language:English
Subjects:
MASS MEDIA (NEWSPAPERS, MAGAZINES, TV, RADIO, ETC.)
RADIO
REGULATION & REGULATORY POLICY
UNITED STATES PRIOR TO 1945
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Summary:THE RADIO ACT OF 1927 WAS ENACTED SO AS TO PRE-EMPT THE COMMON LAW PROPERTY RIGHTS THEN BEING ASSERTED OVER RADIO WAVES, THUS FACILITATING A POLITICAL EQUILIBRIUM WHERE BROADCASTERS AND REGULATORS SHARED LICENSE RENTS. THE OAK LEAVES BROADCASTING STATION CASE OF 1926, AWARDING A.M. FREQUENCY RIGHTS TO A PRIVATE BROADCASTER ON THE HOMESTEADING PRINCIPLE, HELPED MOTIVATE THE UNITED STATES CONGRESS TO PASS A "PUBLIC INTEREST" LICENSING LAW.
ISSN:0048-5829