u/BadenBaden1981

I know before internet people called their brocker to buy and sell stock, and brockers often advice their clients on what to invest. But Belford calls random number and sell worthless penny stock. How could you take phone call from brocker you never traded before and follow their advice?

I'm talking about ITV stations from 50s to early 90s. As I know rest of Europe except Finland and tiny Luxembourg had public monopoly on TV. Rest of the world had multiple commercial networks competiting with each other. UK had weird system of having only 2 networks: BBC that doesn't air commercials and ITV that had effective monopoly on TV ads. Each ITV stations were independent from each other with no station dominating the network. And they were given monopoly on how much they produce 'quality' program. That sounds very uncompetitive and lack transparency.