1981: At one minute past midnight, a new cable TV channel begins broadcasting. It shows a non-stop diet of music videos, specializing in fast editing cuts, murky lighting, and miniature melodramas. The channel is called MTV, and it gives a huge jolt of youth potion to the faltering recorded-music business around the world.

USA Today, August 1, 2001, p. D1

1973: The International Business Machines Corp. is fined $150,000 a day by Federal District Court Judge David N. Edelstein for contempt of court. IBM, which is being sued by the U.S. Department of Justice for violating federal anti-trust law, refuses to turn over sensitive documents requested by the government, claiming that they would give its competitors unjustified access to IBM's business secrets. Judge Edelstein deliberately sets the fine at $150,000 — an estimated 5% of IBM's daily profits.

The New York Times, August 2, 1973, p. 1.