Newspictures is at best a losing business. Through the pace-setting enterprise of the Hearst services, and the entry of Associated Press into the picture field, competition has become more costly than ever. Last week P. & A. Photos Inc. (owned by New York Daily News and Chicago Tribune) decided after nine years trial that the burden was unwarranted, sold out to Scripps-Howard's Acme News Pictures Inc. Head of the combined service will be Acme's small, dapper, wisely-smiling President Fred S. Ferguson. To help President Ferguson cover the world as A. P. does,...
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