"ECONOMIST" SOLD.
LEADING FINANCIAL PAPER
TBritish Official Wireless.)
RUGBY, July 11
The sale of the weekly journal "Economist," hitherto owned by trustees for the daughters of its founder, has been approved by the Court. The newowner is the newly-formed company, the Financial Newspaper Proprietors, Limited, which will acquire a controlling interest in the "Financial New r s" and the "Journal of Commerce," both of which are daily newspapers of old standing. The "Economist" has been one of the foremost financial journals in England for more than 80 years, and the new proprietors, with a view to maintaining its traditional character, have agreed to appoint a board of independent trustees. This board will be empowered to veto the appointment or dismissal of any future editor of the journal. The editor alone will control its policy. The plan closely resembles that which some vears ago was adopted by the proprietors of the "Times," and was more recently followed by the proprietors of the prominent weekly political journal the "Spectator."
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Bibliographic details
Auckland Star, Volume LIX, Issue 163, 12 July 1928, Page 7
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167"ECONOMIST" SOLD. Auckland Star, Volume LIX, Issue 163, 12 July 1928, Page 7
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