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...gainer was American Telephone & Telegraph Co., which reported a net of $64,400,000 (up 20% from the same period of 1949). When A.T. & T. held its annual stockholders' meeting in Manhattan a few days later, one stockholder said he was worried lest the good earnings and the $9 dividend rate become a target for government regulatory bodies. Why didn't A.T. & T. split its stock three for one, he asked, and thus change the dividend to $3 a share...

Author: /time Magazine | Title: EARNINGS: First-Quarter Touchdown | 5/1/1950 | See Source »

...general election of 1922, recalls Coote, "was the first time the voters really had a crack at me-and that ended my political career." Ex-M.P. Coote became a foreign correspondent and later chief editorial writer for the Times; in 1942 he moved over to the Telegraph. A knowledgeable wine lover, he has written articles for both the Times and the Telegraph on wines, has also co-edited an anthology (Maxims and Reflections) from the writings and speeches of his close friend, Winston Churchill...

Author: /time Magazine | Title: The Press: Happy Exception | 4/24/1950 | See Source »

Byline-Bagger. The Telegraph got off to a fast start 95 years ago by charging twopence when rival dailies were selling for fivepence. Soon after, it halved its price, became London's first penny daily; in 1888 its circulation soared to an unheard...

Author: /time Magazine | Title: The Press: Happy Exception | 4/24/1950 | See Source »

...Telegraph joined forces with the New York Herald to send Stanley in search of Livingstone, has helped underwrite many other expeditions and has run exclusive, circulation-catching stories about them. A newspaper with a heart, the Telegraph has raised thousands of pounds for disaster victims, collected ?135,000 to help build a new Shakespeare Memorial Theater at Stratford-on-Avon after the old one burned down...

Author: /time Magazine | Title: The Press: Happy Exception | 4/24/1950 | See Source »

Over the years, the Telegraph has boasted some notable bylines, including Teddy Roosevelt, David Lloyd George, Thomas Masaryk and T. E. Lawrence (whose Seven Pillars of Wisdom was first serialized in the Telegraph). As deputy editor, Colin Coote himself promoted the Telegraph's biggest prize, the Churchill wartime memoirs, a project shared also by LIFE and the New York Times. New Editor Coote plans no major changes in the Telegraph's impartial news coverage or its Conservative editorial policy. Says he: "We have succeeded to some extent in being serious without being dull. I hope we shall never...

Author: /time Magazine | Title: The Press: Happy Exception | 4/24/1950 | See Source »

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