She served as president of the LBJ Holding Co., and her husband negotiated an agreement with the CBS radio network. Lady Bird decided to expand by buying a television station in 1952, despite Lyndon's objections. She reminded him that she could do as she wished with her inheritance. The station, KTBC-TV/7 (then affiliated with CBS as well), was Austin's monopoly VHF franchise and generated revenues that made the Johnsons millionaires. Over the years, journalists have revealed that Lyndon used his influence in the Senate to influence the Federal Communications Commission into granting the monopoly license, which was in Lady Bird's name.