Radio: At the End of the Rainbow

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Back in the out-at-elbow days of the depression '30s, a young Hungarian engineer named Peter Goldmark tried unsuccessfully to get a job with Radio Corp. of America. About the same time, an equally obscure Ohio researcher named Frank Stanton was brushed off with a form letter when he wrote to RCA's subsidiary, NBC.

For a total investment of $100 a week RCA could have hired both men and saved itself many a future headache. Today, Frank Stanton is president of Columbia Broadcasting System and Peter Goldmark is CBS's top color-television engineer. Between...