IN FLEET STREET.

Star (Christchurch), Issue 17177, 22 October 1923, Page 7

IN FLEET STREET.

THE NEWSPAPER COMBINE. DEALS IN SCOTLAND. By Telegraph— Press Association—Copyright Reuter's Telegrams. (Received October 22, TO'.tJo a.m.) LONPON, October 21. The big newspaper combine continues to he tho absorbing topic in Fleet Street. It is now stated that Huh ton's, since their acquisition by the “Daily Mail” for £16,000,000. * have urc*based out of their cash assets the Scottish newspapers at present r<jn trolled by Lord. Rotherm<*ro. These newspapers will be Sold to the Associated Scotish Newspapers Limited, -v new company which is about to be registered. with a capital of £900.000. Then that company will sell them for £] ,000,000 to JTulton’s. (There have been' several important changes in the ownership sof English journals this month. Tt was recently cabled that- Lord Rothermere (a brother of Lord representing the “Daily Mail ” Company, had acquired a number of .journals from the Hulton Trust. Among the papers acquired were the “Evening Standard,” “Daily Sketch” and “Sunday Henaid.” published in London, and al*o several Manchester dailies and weeklies. Tt was also authoritatively stated that Lord Beaverbrook had purchased the “ Pall MaTl Gazette.” which would be absorbed in the “ Evening Standard.” Tho “Daily Express ” announced that Lord Beaverbrook had not parted with his controlling interest in that journal and had no intention of doing so. The “Daily Express ” would not form a part of any trust or combination )