THOMSON SALE
First Radio Station (N.Z P.A.-Reuter—Copyright) LONDON, April 29. The press magnate, Lord Thomson, said today he was selling the Canadian radio station on which he founded his world-wide newspaper and broadcasting empire. The station, North Bay, in Ontario, is included in a package deal of Canadian broadcasting interests being sought by Bushnell TV, a Canadian broadcasting concern, in which the British television group, Granada, has an interest.
Lord Thomson started North Bay in 1929 when he was selling radios. He had found that business was slack locally because the signals were weak. So he launched his own station to boost sales. He said today he did not have qualms about selling North Bay and two other stations, Timmins and Kirkland lake, which were started soon afterwards.
A Thomson organisation spokesman said that Thomson Newspapers (Canada), Ltd. the owner, was selling because the broadcasting interests no longer fitted into the Thomson North American business, which was directed towards the newspaper and insurance fields.
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Bibliographic details
Press, Volume CIX, Issue 31976, 1 May 1969, Page 20
Word Count
164THOMSON SALE Press, Volume CIX, Issue 31976, 1 May 1969, Page 20
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