Step 1: Understanding the Question.
The question asks to identify the newspaper that had recently been ranked as the largest selling paper in the world at the time this paper was set, in 2007.
Step 2: Key Fact.
Circulation surveys around that period placed The Times of India, published by The Times Group, as the largest selling English language broadsheet daily in the world, on the back of its huge readership across Indian metros and cities.
Step 3: Detailed Explanation.
The Los Angeles Times has a strong readership within the United States, but its circulation figures are far smaller than those of a national Indian daily reaching a market of over a billion people.
The London Times, despite its long history and international reputation, sells in far smaller numbers than The Times of India.
The New York Times is one of the most respected papers globally for its journalism, but respect and prestige are not the same as raw circulation numbers, and it also trails The Times of India in copies sold per day.
Only The Times of India combines a very large, English reading urban population with an aggressive multi-edition print strategy, which pushed its numbers ahead of every other English daily in the world.
Step 4: Final Answer.
The paper voted the largest selling newspaper in the world is The Times of India, so option (B) is correct.