The industry transformation that took place in 1920’s that led to the RCA’s creation of NBC and the creation of CBS allowed the radio to become a regulated and commercially widespread industry.
I believe that industries were the leading force of commercializing the radio due to economic incentives and the potential for creating a new kind of technology that could be widespread and easily profitable. Industries allowed for the radio to expand in ways that the government and even audience demand could not actively achieve. The audience demand was what called for the expansion of the radio, but it was industries that put the radio into large scale operation.
Beginning with AT&T’s sell out to the RCA in 1926 the radio began to become its own economically independent industry. Before this point the radio had little formal organization and lacked regulation. Once the RCA began to broadcast its radio network NBC self regulation was no longer an option. The growth of big industry forces caused the Radio Act of 1927 which led to the creation of the FRC. While the creation of the FRC was initially what regulated radio, the government was not necessarily a guiding force of radio but rather just a catalyst to the already booming industries that were leading radio to the extremely powerful form of technology it grew to be. With big industry names deciding what was to be played on the radio and what sort of advertising was to be broadcast the radio quickly grew to become commercially successful.

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