The John and Mary R. Markle Foundation Annual Report for 1976/77 is divided into three sections--the president's essay, a review of funded programs, and the treasurer's report. In "Broadcasting and Political Equality," Lloyd N. Morrisett, foundation president, presents a review of mass media coverage given presidential campaigns from newspaper reporting in the 1800's to contemporary telecommunications. Funded programs in mass communications are detailed in the following areas: politics and the media, journalism, communications policy and public interest, research, programming for special audiences, and improved professional performance. Additional information covers application procedures for funding, publications resulting from grants, the treasurer's report, foundation investment, addresses of grantees, and listings of foundation members and staff. (RAO)