Canada: ONTARIO: Big Business

Twenty years ago a cocky youngster named Clement George McCullagh quit his job as assistant financial editor on the old Toronto Globe, to get into the million-dollar deals that he had been writing about on Toronto's Bay Street. His boss warned him against it, but McCullagh's mind was made up. "The next time I come in," he boasted, "I'll be buying this newspaper out from under you."

Eight years later, he came back with the money ($1,850,000 put up by Gold Mine Owner William Wright), and bought the Globe. He also bought the Globe's morning rival, the Mail & Empire,...

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