Yes it is true that the old EBS System would blank out the tv screens this is for the fact that the old EBS and CONELRAD system would bring a live feed in from the White House the new generation is the EAS and in some situations the EAS can still blank out your TV.
When ever there is an emergency that the government needs to warn the puplic they use what is called the EAS (Emergency Alert System)
The EAS replaces the old EBS (Emergency Broadcast System)
to learn more on the EAS see this link http://www.fcc.gov/pshs/eas/
A little history first. The first national broadcast warning system was established by U.S. President Harry Truman in 1951 and was called Control of Electromagnetic Radiation (or CONELRAD). It was an invention of the cold war. It involved radio, both AM and FM, and television stations, and was solely used for national defense purposes.
CONELRAD was replaced by the Emergency Broadcast System in 1963. Its use was expanded to the National Weather Service, FCC, national wire services, and for local and regional use. It was used in over 20,000 weather events until its retirement in 1996. (Remember your grandparent’s emergency weather radio?)
EBS was replaced by a significantly more comprehensive Emergency Alert System in 1994. The Federal Emergency Management Agency (FEMA) joined the FCC, National Weather Service, and the President of the United States as overseers. EAS covers dozens of radio and television frequencies, including AM, FM, VHF, UHF, satellite radio and TV, digital radio, cable television, music sources, video broadcasters, and other media sources. Those sources are required to participate by the end of 2007.
The Emergency Alert System (EAS) is a national public warning system that requires broadcasters, cable television systems, wireless cable systems, satellite digital audio radio service (SDARS) providers and, effective in May 2007, direct broadcast satellite (DBS) service providers to provide the communications capability to the President to address the American public during a National emergency. The system also may be used by state and local authorities to deliver important emergency information such as AMBER alerts and weather information targeted to a specific area.
The FCC, in conjunction with Federal Emergency Management Agency (FEMA http://www.fema.gov/ )and the National Oceanic and Atmospheric Administration’s National Weather Service (NWS http://www.nws.gov/ ), implement EAS at the federal level. The President has sole responsibility for determining when the EAS will be activated at the national level, and has delegated this authority to the director of FEMA. FEMA is responsible for implementation of the national-level activation of EAS, tests, and exercises. The NWS develops emergency weather information to alert the public of imminent dangerous weather conditions.
The FCC´s role includes prescribing rules that establish technical standards for EAS, procedures for EAS participants to follow in the event EAS is activated, and EAS testing protocols. Additionally, the FCC ensures that EAS state and local plans developed by industry conform to the FCC EAS rules and regulations.
Other links to learn about the EAS, EBS & CONELRAD
EAS
http://www.fcc.gov/cgb/consumerfacts/eas.html
http://www.fcc.gov/eb/easfact.html
National Weather Service & The EAS
www.nws.noaa.gov/os/NWS_EAS.htm
http://www.nws.noaa.gov/nwr/resources/NWS_EAS_chg_impl.pdf
EBS
http://www.akdart.com/ebs.html
CONELRAD
http://www.fas.org/nuke/guide/usa/c3i/conelrad.htm