Media: Lifeline - The Scotsman

The Scotsman titles change hands again as the Barclay brothers concentrate on the Telegraph.

1955: The Scotsman celebrates its centenary having just changed hands. Its new owner is the Canadian newspaper magnate Roy Thomson, who by the end of the decade would also own Times Newspapers and Scottish Television. The Scotsman flourishes as part of a major media group and is at the forefront of innovation - for instance, being one of the UK's first papers to launch a colour supplement.

1990: Having languished through much of the 80s (Lord Thomson died in 1976), the Thomson Corporation commits to a new cycle of investment. The Scotsman's offices are revamped, a sister paper, Scotland on Sunday, is launched and by the end of the decade The Scotsman features a colour front page.

1995: The Scotsman and its sister titles are sold to Sir David and Sir Frederick Barclay, who install Andrew Neil (pictured), a former Sunday Times editor, as its publisher. Neil gambles on cover-price cuts but his editorial policies infuriate the paper's core middle-class readership.

1999: The Scotsman titles vacate their majestic Edinburgh offices overlooking Waverley Station and Princes Street. Circulation continues to decline, dipping back below 80,000 in 2000, despite relaunches and the departure of the editor, Alan Ruddock. In 2004, The Scotsman joins the compact revolution.

2006: The Barclay brothers, having found bigger fish to fry (they acquired the Telegraph titles in 2004), decide to sell the Scotsman titles to Johnston Press. Its chief executive, Tim Bowdler (pictured), says he expects the titles to begin contributing to group earnings within the first year.

Fast forward ...

2007: As the Scottish nation prepares to celebrate 300 years of political union with England, another marriage is now inevitable. Declining circulations in the central lowlands newspaper market decree that The Scotsman merges with its Glasgow rival, The Herald (owned by the US regional publisher Gannett). The new title is called the Scottish Herald.