I was quite confused.
But then I would go with A.
I was refraining the usage of "benefit by" and "being".
Public-access cable television was created in the 1970s as a means to derive public benefit from the laying of private television cables on public land.
A from the laying of private television cables on public land
B from laying private television cables on the public land
C by the laying of private television cables on the public's land
D from private television cables being laid on public land
E by laying private television cables on land that was public
I was quite confused.
But then I would go with A.
I was refraining the usage of "benefit by" and "being".
Any man's finest hour, his greatest fulfillment to all he holds dear, is that moment when he has worked his heart out in a good cause and lies exhausted on the field of battle... victorious.
Any man's finest hour, his greatest fulfillment to all he holds dear, is that moment when he has worked his heart out in a good cause and lies exhausted on the field of battle... victorious.

I will go with A. Here is my understanding.
Public-access cable television was created in the 1970s as a means to derive public benefit from the laying of private television cables on public land.
A from the laying of private television cables on public land (this means the benifit is from 'laying of private television cables on public land' - correct)
B from laying private television cables on the public land (this means public televisions cables were laid on the public land to get the benefit)
C by the laying of private television cables on the public's land ('Benifit by' is incorrect)
D from private television cables being laid on public land ('being' is incorrect)
E by laying private television cables on land that was public ('Benifit by' is incorrect)
I think the emphasis is on 'laying of private television cables on public land' and not just 'public land'.
What is the Official Answer?
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