The Press: Young Man with a Mission

In the luxury of Florida's lush $19,000,000 Boca Raton Club, two news tycoons held an outwardly amiable reunion last week. The host was big, bluff Kent Cooper, 65, executive director of the Associated Press. His guest, young enough (41) to be his son, was slight, greying, boyish-faced Christopher Chancellor, general manager and rejuvenator of A.P.'s No. 1 world rival, Britain's Reuters Ltd.

While Chancellor and Cooper lolled in 70° sunshine, their great news chains were hotly & heavily invading each other's domains. Reuters had signed up its 44th U.S. client. A.P. had picked up...

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