Abstract
with the existing three, but the industry would need a severe regulatory restructuring to make such a network possible. Most networks with incomplete coverage would not be profitable, including networks of existing independent stations, cable systems, new VHF drop-in stations (suggested by an Office of Telecommunications Policy report), or combinations of these. A network using existing independents plus new UHF stations constructed to give it nationwide coverage may become profitable as the UHF reception handicap continues to drop. None of the new networks considered threatens the profitability of the existing three networks.
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