Ed Craney founded five Montana radio stations, two Montana television stations, the Z-Bar Radio Network, the Montana Television Network and the Montana Broadcasters Association. He was a leader in adopting new technology for broadcasting.
He championed many broadcasters' causes, winning, for example, an unprecedented battle with ASCAP for per-play music licensing and being instrumental in the establishment of Broadcast Music, Inc. Craney passionately promoted over-the-air television for small towns by his involvement in the National Translator Association.
He founded the Greater Montana Foundation to provide rewards for broadcast excellence in Montana and to encourage broadcast students to excel.
Craney's renowned unselfishness is evident in his view of his vaunted lobbying prowess with powerful Senator Burton K. Wheeler: "I never asked for anything for me. I always asked for something for the industry."