Senate debate on national policy for cable regulation
The Senate opened discussion on a first national policy to regulate cable television, curbing local control over rates. The bill would cap franchise fees, require franchise renewals barring violations, limit local buybacks, allow annual rate increases, bar basic service rate regulation where signals are weak, and exempt cable from certain telephone-era rules.
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PSFS buys Bulletin Building for 13 Million
Philadelphia Savings Fund Society purchases the Bulletin Building for 13 million dollars. Plans call for renovation on Market Street after settlement in mid August. Operations center printing warehouse and distribution facility to move to the site by year end with some offices relocating to 30th Street area.
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MR. Leonard King of