Music: For Sale

In its own columns and in ads in British and U.S. dailies, Canada’s biggest and most influential morning newspaper this week announced that it is for sale. The Toronto Globe & Mail (circ. 236,593), which many newsmen consider the New York Times of Canada, will be sold to a “responsible” bidder by the estates of George McCullagh and William H. Wright. Already mentioned as possible buyers: Roy H. Thomson, Canada’s biggest newspaper publisher (TIME, Sept. 14, 1953), and Texas Millionaire Clint Murchison, whose property includes half interest in the big Trans-Canada Pipe Lines Ltd. Estimated minimum acceptable price: $8,000,000.