Newspapers: Thomson Takes the Times

Lord Thomson of Fleet, Toronto-born owner of 125 newspapers and 150 magazines from the Austin Daily Herald to the Bangkok Post, has long sought one crowning jewel: a major London daily. The Times of London, a paper of rich tradition but modest circulation (286,000), has long needed one sterling resource: money. Last week the British press lord got together with the Establishment's most authoritative daily (motto: "For Top People") in a deal that brings new prestige to 72-year-old Thomson and fresh power to the 181 -year-old Times.

If Britain's Monopolies Commission approves...

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