John Walter (third)

John Walter III ( born October 8, 1818 London, † November 3, 1894 Wokingham, Berkshire ) was the owner and publisher of the Times.

Biography

John Walter III attended Eton College and Exeter College, Oxford, and was admitted to the bar in 1847. After the death of his father John Walter ( the Younger ) in the year 1847, John Walter III, owner of the London newspaper The Times. Like his father, with the first use of a high-speed press in 1819, also his son drew 47 years later by a revolutionary innovation in newspaper production.

After various trials, go Joseph Calverly and the manager of the Times, John C. MacDonald, a major technical breakthrough. Commissioned by publisher John Walter III, developed and built the two engineers in 1863 the world's first rotary press for newspaper printing. This machine, which was patented in 1866 and known as Walter press, allowed a fast two-sided continuous printing of paper roll. Using this improvement, the Times was able to pass the stringent competition against the Daily Telegraph and other newspapers.

In 1847 he was first elected to the House as a moderate Whig for Nottingham and was in 1852 and 1857 to defend his seat in parliament. In 1859 he represented Berkshire in Parliament, lost 1865, the mandate was re-elected in 1868 and then retained the seat until 1885.

John Walter III was married twice, in 1842 with Emily Frances Court (* 1824, † 1858) and 1861 Flora MacNabb (* 1836, † 1917). His eldest son from his first marriage, John Balston Walter ( * 1845), drowned in an accident on the family property " Bearwood " in 1870 His second son from his first marriage, Arthur Fraser Walter ( born September 12, 1846. † 22 February 1910 ), was proprietor of The Times until 1908, when he sold it for £ 320,000 to Alfred Harmsworth, 1st Viscount Northcliffe. After that, he served as Chairman of the Board and after his death in that position by his son John Walter IV (* 1873, † 1968) replaced. This was after the death of Lord Northcliffe in 1922 the purchase amount of £ 1.5 million using only John Jacob Astor, 1st Baron Astor of Hever (* 1886, † 1971) muster, which was 90 -percent shareholder. Astor remained until 1966 main owner of the Times.