Business & Finance: Mergers: Nov. 5, 1928

Communications. Mighty are the four chief U. S. communication companies (Radio, I. T. & I., A. T. & T., Western Union). Mightier still would be a combination of any two of them. But under the White Act, U. S. cable and radio companies may not merge. Surprising, piquant, therefore, was the admission of President Newcomb Carlton of Western Union last week, that he had conferred with Chairman of the Board Owen D. Young of Radio Corp., the subject being a possible, desirable merger.

Crackers. Voracious, United Biscuit Co. last year created a $11,500,000...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!