Word: jocks
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When Multimillionaire Financier John Hay ("Jock") Whitney, 54, U.S. Ambassador to the Court of St. James's, bought the faltering New York Herald Tribune (circ. 377,400) from the Reid family last summer (TIME, Sept. 8), one of the main questions left unanswered was the future of boyish Ogden ("Brown") Reid, the paper's 33-year-old publisher and editor. Last week it was reported that Reid will leave his operating post on the Trib this month, with no fixed plans for the future. He will still be connected with the Trib: he and brother Whitelaw...
Jordan's King Hussein was off at last on his long-planned three-week vacation in Europe. With the man who taught him to fly, R.A.F. Wing Commander Jock Dalgleish, beside him as copilot, the young King flew his twin-engined de Havilland Dove, with the royal Hashemite standard painted on its stabilizer, humming high above the Syrian desert at a modest 160 m.p.h. Suddenly the Damascus radio crackled a warning that the plane had no overflight clearance, demanded the identity of its crew and passengers. The King refused and turned the controls over to Dalgleish, defying an airport...
However this may be, there is no one who does not regard the new situation as regrettable. Athletic Director Tom Bolles has been the target of some unfair blame in this connection in local "jock" circles. Bolles is as sorry as anyone about things; but he has simply had to find some way of getting along with less money...
...Reids. The first Whitelaw Reid bought the Tribune in 1873, after the death of Founder Horace Greeley; his son Ogden combined it with the remnants of James Gordon Bennett's racy Herald in 1924. But the credentials of the new buyer softened the blow. He is John Hay ("Jock") Whitney, financier, sportsman, diplomat, art collector, lifetime friend of the Reids and possessor of more than $100 million. "We are happy about it," said Brownie Reid, his arm around his mother. "I think it is a fine step," said...
Eminent Domain. By buying the Trib, fast-moving Jock Whitney stepped into the major league of U.S. publishers. A month ago he dealt off just under $7,000,000, added the prosperous Sunday supplement Parade to a communications domain that spans four TV stations, interests in the magazines Scientific American and Interior Design, two radio stations, the Great Northern Paper Co. The Trib purchase was no surprise. A year ago, Jock Whitney lent the Reids $1,200,000 with an option to convert the loan to stock. By the conversion, and the purchase of an unspecified number of additional shares...