Scottish Daily News - Losses

Losses

On 15 September 1975, 300 of the workers attended an emergency meeting set up by Robert Maxwell, who accused the management of the newspaper of playing politics with the workers' jobs, in part because, he said, they were refusing to allow managers to manage and were blocking a price rise that Maxwell felt might save the newspaper (ibid p. 132). The result of the meeting was that two of the managers were removed from the executive council and replaced by two of Maxwell's supporters, Dorothy-Grace Elder and Tommy Clarke.

The losses continued, made worse on 19 September when Beaverbrook began legal action to recover £59,000 the company said was still owed on the sale of the building. The litigation destroyed what was left of the newspaper's financial credibility and credit was no longer available. Bills had to be paid immediately, journalists no longer had lines of credit for taxis and petrol, photographers had to pay up front for photographic supplies, and the accounts department became swamped with demands for payment from nervous creditors (ibid p. 142).