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NEWS SUMMARY January 20, 1972 Wednesday telecasts, wires, mags THE PRESIDENT HAS SEEN Major News of the Day: -- CBS led with over 7 min. on VN. All nets noted air war in which a US jet shot down 1st mig over NVN in 22 months. CBS reported on electronic equipment used by US and enemy in hitting their targets and followed with a report on nearly deserted Long Cheng. NBC told of Chinese gunners helping the NVN and ABC tells of increasing Russian aid to the enemy. Economic news leads other nets as CLC exempts small businesses (less than $100, 000 yearly) and landlords from Phase II. Some labor leaders are already yelping; Dow Jones down 2. 26. NBC in its budget investigation finds the "Safe Streets" money for states is going to states faster than they can spend it -- yet RN is asking for still more funds for the program. Florida has put "no vacancy" sign on prisons because they are over-crowded. Judge Merhige refuses to stay his Richmond desegregation order. House approved most comprehensive campaign spending reform in half century but H. K. Smith wants it to go a few more steps and let Govt pay the whole campaign tab. All nets note RN's "get tough" expropriation order. Sandy Koufax, Yogi Berra and Early Wynn and Ralph Kiner (not noted on net) were elected to Hall of Fame; Koufax youngest ever to make it. INDOCHINA "The air war seems to be escalating" led Cronkite as he noted heaviest B52 raids since last April in order to blunt the expected NVN offensive. And the enemy is stepping up its air defenses as all nets noted that a phantom downed a Mig over NVN after 5 US planes dodged SAMS and anti-aircraft.