In wire rooms from San Diego to Karachi, the teletypes of the United Press and International News Service clattered out their biggest news of the day: "The United Press Associations and International News Service joined forces today around the world in the creation of a single news agency named 'United Press International.' "
For both services, the merger made solid sense. Founded in 1907 by E. W. ("Damned Old Crank") Scripps, the bustling, colorful U.P. last year grossed $28.8 million, but its profit margins have always been as thin as newsprint. With the merger, the U.P. eliminated a pesky competitor, increased its...
To continue reading:
or
Log-In
