The Press: The Jaunty Corpse

Atop the front page of his London Daily Express (circ. 4,077,835) Britain's indomitable No. 1 press lord has long emblazoned: CONTROLLING SHAREHOLDER LORD BEAVERBROOK. Last week the Express dropped the Beaver's line and announced that "the newspapers have passed out of his control." The Beaver had turned over his controlling shares to the Beaverbrook Foundation, which has been set up as a "British Empire educational trust." But the formal change did not mean that the Beaver was relinquishing any of the undisputed control he has exercised over the Express and his two other dailies.

Fleet Streeters guessed that the aging (75), still...

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