Word: canadianization
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Dates: during 1960-1969
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...Ontario Hydro officials said that they could find no mechanical defect in Q-29BW's backup fuse. Then why did it blow? The question created a behind-the-scenes divergence between U.S. and Canadian power experts. Privately, American officials expressed doubts about the design of the backup relay system in service at the Beck plant. But Ontario Hydro officials claimed that its protective safeguards were comparable to those in use on U.S. high-voltage lines. Robert H. Hillery, Ontario Hydro's operations director, insisted that the disconnect-setting of Beck's backup fuses "was well above...
Last month Curtis negotiated the sale of 110,000 acres of mineral-rich Canadian land, as well as 141,000 acres of Pennsylvania forest, to Texas Gulf Sulphur. The transaction should bring in some $24 million, which could wipe out most of Curtis' $28 million bank debt -down from $36 million after the sale of Curtis' Lock Haven, Pa., paper mill earlier this year. "We are over the hill," says the vice chairman of Boston's First National Bank, Serge Semenenko, the financier who put together a $35 million loan for Curtis in 1963 and has been...
...alarming enigma in the publishing world. With disarming candor, Thomson always admitted that he was in the newspaper business only for profit. "I buy newspapers to make money to buy more newspapers to make more money," he once announced. "As for editorial content," said the Canadian-born publisher who at 71 owns 128 newspapers and 80 magazines, "that's the stuff you separate the ads with...
Anxious to improve the paper, Thomson mailed 100 dimes to small town papers around the U.S. and asked for copies. He pored over them for days looking for tips. He began to buy up other small Canadian newspapers, but he insisted that each paper be the only one in town; if it was not, he forced the competition to sell out by cutting ad rates to the bone. He applied the same stringent budget to every paper, keeping tabs even on glue and pencils. But editorially, he left the papers alone. "If any of our editors were to come...
Dazzled by Color. Everywhere he went, the genial Canadian chilled fellow publishers by eagerly asking "Wanna sell?" At first, they usually said no, but later they often said yeah. When he ran out of papers to buy in Canada, Thomson shifted overseas and bought Edinburgh's venerable Scotsman. He took advertising off the front page and perked up the news coverage. He waded into television, setting up Scotland's first commercial channel. He bought Lord Kemsley's newspaper chain in 1959 and found himself on Fleet Street as the proprietor of the august Sunday Times...