> attenuated the level at about the same speed an observant DJ could grab the fader.
Turn-down of large over-level was semi-slow, a fraction of a second. You had to follow it with a Limiter. However when the pair was set up well the limiter would just catch sudden loud parts, a steady loud passage would cause the AudiMax to reduce gain so the Limiter was just topping the occasional peak.
At small overload it was even slower, drifting gain to nominal level.
What was special (and not useful in most music studio work) is that it would turn-up low levels. If the DJ didn't pot-up a weak record, and the VU was hovering around -10VU, the AudiMax would increase gain, but slowly, several seconds to bring-up 10dB to reach 0VU. "Sneak it up."
Any idiot could design that. But in real life, if the program goes "silent" (DJ hits the wrong switch, network gets knocked-out, movie has dramatic silence), a dumb AGC would turn-up the silence until the noise was loud. And in most such program silences, then next thing is the DJ wakes-up or the network connection is fixed, and normal levels go through maxed-out AGC gain and bash the Limiter and deafen the listener until the AGC drifts down to normal gain.
What the AudiMax does different is that if it has signal, and then it has silence, it "holds" the previous gain level for many seconds. It does not try to pump-up every quiet passage. But if the low level persists for more than about 10 seconds, it will "sneak up" the gain, but very slowly, and going back to "Hold" mode when it detects significant signal.
So in a movie with dramatic silences in conversation, it will hold a fairly constant gain throughout the conversation, not pumping noise into the silences.
But if the DJ is very careless, or the movie or network feed is very weak, after a while it will pump-up gain and deliver a near-normal level.
It isn't as good as any human with a brain. But it does cover most broadcast accidents and stupid mistakes, and it is really a very simple contraption. And some days, there are no spare brains around a broadcast studio panic.
BTW: the orginal research was for a war-tank intercom. The inside of a tank is VERY LOUD. The intercom must not pump-up ambient noise: it would deafen the users. It must not pass a SHOUT at normal-talking gain: that too would be deafening. Yet it must bring-up a quiet talker above ambient noise. There is a narrow range of levels that are useful: above ambient noise but below quick deafness, and it aims to put any significant signal in that range. The intercom system time and level constants must be different from the broadcast model, and the in/out interface is totally different, but it is the same basic AGC system.