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Article: Time to raid the piggy bank? Buying newspapers.
- Article from:
- The Economist (US)
- Article date:
- March 28, 1992
CopyrightCOPYRIGHT 1992 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AS A boy, Conrad Black, owner of Britain's Daily Telegraph and other newspapers around the world, was expelled from a posh Canadian high school for stealing exams and selling copies to students. Since then his deals have been legal, but no less controversial. Last year Mr Black faced a storm of protest when he bid for John Fairfax, a big Australian newspaper group then in the hands of receivers. Few politicians there were keen to see a right-wing foreigner running Fairfax. Malcolm Fraser, a former prime minister, said Mr Black was "not a proper person to own media in Australia."
Compared with what was said about his chum, Kerry Packer, that was a compliment. Mr ...