I'm just back from an extraordinary event at the National Press Club, in Washington. Fifty years ago today, Newton Minow, then John F. Kennedy's young chairman of the Federal Communications Commission, gave his famous speech to the National Association of Broadcasters on the "vast wasteland" of commercial media.
C-Span carried it live, and I see that the full video is now up on their site (though not embeddable). It is very much worth watching there -- now, or sometime. Introductions, including a detailed and affectionate one by Genachowski, occupy the first 21 minutes of the clip on the site. Minow comes on at time 21:00 and leads with an anecdote about riding in a car with John F. Kennedy, Lyndon Johnson, and Alan Shepard, just back from his launch as the first American in space. He goes on with considerable drollery to describe the unhappy reaction of the NAB nabobs to his speech.