The Press: The Accumulator

Until his 40th birthday, Roy Herbert Thomson never owned a newspaper or hoped to. But once started, Thomson made up for lost time as few publishers have. After he bought a tiny paper in Northern Canada (with $3,000 he borrowed), the newspaper business looked so easy to Thomson that he confidently told a friend: "I'll be a millionaire some day." It was an accurate prediction. At 59, Publisher Thomson owns a string of 18 dailies all over Canada, close to one-fourth of Canada's English-language newspapers. Last year he pushed into the U.S. by buying the St. Petersburg (Fla.) Independent (circ. 25,754),...

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