When the government picked companies and gave them monopoly rights to frequencies in San Francisco and Los Angeles and New York and Chicago, it was picking the winners of the competition; it wasn't setting the terms of the competition.

When the government allocates monopoly rights to frequency, and there are only a handful in each community, it's picking the winners in the competition.

So the competition isn't once you got the license, running the station; it's getting the license.

Which is supposed to mean they're doing something in their broadcasting they would not do is they were simply out to maximize profit; if they were really public service institutions, not purely profit maximizing institutions.