The Press: Monsters Merge

Last week in London the huge Liberal Daily News (circulation: 600,000) swallowed its last great Liberal competitor, the even huger Daily Chronicle (circulation: 1,000,000), onetime organ of David Lloyd George, onetime employer of Reporters James Ramsay MacDonald and Philip Gibbs. Appeared the Daily News & Chronicle, to be administered by five trustees: Lord Cowdray, Henry Tylor Cadbury, Walter Thomas Layton, B. H. Binder, J. C. Akerman.

Fleet Street (and 1,800 ousted employes) mourned the Chronicle which, since 1877, had been a standard bearer of Liberalism. Lloyd George controlled it from 1918 to...

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