Oswald Syme retired in 1964, and his grandson Ranald Macdonald became chairman of the company.
He was the first chairman to hand over full control of the paper to a professional editor from outside the Syme family.
A takeover attempt by the Warwick Fairfax family, publishers of The Sydney Morning Herald, was beaten off.
This new lease on life allowed The Age to recover commercially, and in 1957 it received a great boost when The Argus ceased publication.
It is inevitably criticised not only for its increasing conservatism, but for its failure to keep pace with innovations in layout and editorial technique so dramatically demonstrated in papers like The Sun News-Pictorial and The Herald." In 1942, David Syme's last surviving son, Oswald Syme, took over the paper.