Bloody Competitors

Damn Interesting examines the death and rebirth of FM Radio. An excerpt:

Of course AM radio was big business in the pre-television days, and there were powerful people who wanted things to stay as they were. Innovation only meant smaller profits for them. At that time there was no more influential man in radio media than the founder of RCA, David Sarnoff. Known as "The General," Sarnoff controlled all the technical aspects of radio; he also created the NBC and ABC television networks. He was also an important early supporter of television and developed the current NTSC standard for TV that we have used for over 60 years.