FCC sets aside portion of airwaves for wireless communications services

Article Abstract:

The Federal Communications Commission (FCC), in its first vote on a new generation of wireless communications services, allocates a portion of the airwaves for elaborate electronic mail, voice mail and paging services. The FCC adopted a plan that calls for awarding 11 nationwide licenses, 13 licenses within each of the 49 regions, and 10 local licenses that consist of eight that would be used by paging firms already in operation. The new services will transmit data over the air in a way similar to how voice data are transmitted over cellular phones. The FCC awarded a special 'pioneer preference' to Mobile Telecommunications Technologies Corp (MTel). MTel is expected to have its Nationwide Wireless Network up and running in the top 300 national markets by 1995.

Telephone and telegraph apparatus, Telecommunications industry, United States. Federal Communications Commission, Wireless LANs, Communications industry, Licensing agreements, Wireless local area networks (Computer networks), Licensing, Wireless Network

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Short circuit: McGraw-Hill's push into electronic data fails to bolster profit; critics contend the publisher suffers from nepotism and weak acquisitions; the ruffling of the managers

Article Abstract:

Publishing giant Mcgraw-Hill is in trouble after a year of sagging profits and failed acquisitions. The company reported a 74 percent drop in net income for FY 1989 after a $152 million restructuring charge. McGraw has tried to diversify by entering the electronic publishing realm in a strong way, but so far the expected revenues have failed to materialize, which they must if the company is to regain profitability. Analysts also cite as a problem a series of ill-advised acquisitions that have done little for the company except create write-offs. Perhaps the most intangible problem is in management, where moral is low because of the perceived nepotism involved with the rapid promotion of H.W. McGraw III over other more seasoned and qualified people.

PRINTING AND PUBLISHING, Publishing industry, Management, Electronic publishing, MHP, Financial Analysis Software, Personnel Management, Electronic Publishing Industry, Losses, The McGraw-Hill Companies Inc. (New York, New York)

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