Trans World Communications (or TWC for short) was the investment vehicle of businessman Owen Oyston.
It operated radio stations and played a part in the Miss World Beauty Pageant.
The Guardian Media Group, which owned 20 per cent of Trans World, wanting to increase its stake but was prevented in doing so due to the national newspapers it owns.
[citation needed] Oyston's company also turned to the beauty business, taking over the Miss World Organisation and reforming it into Trans World Communications.
In 1991, a boardroom battle forced him out and The Miss World brand has been privately owned by the Morley family since.