You read (or heard) right; Times New Roman, as a font, per se, was commissioned for The Times of London in 1931 for their newspaper presses ... more history on this upon request ...
My point in raising this issue is that the CBS expert (of the day) can say with all confidence and veracity (and not fear being labelled a liar) that the technology was available (the kool-aid drinker will stop listening here)...Of course, the technology was not readily available, nor was it even remotely available, neither was it available to those with tight budgets (such as the Texas Air National Guard)...points missed by the kool-aid drinker who has had his (limited) intellectual curiosity satisfied.