Timeline of Important Business News Events

1902
Financial World magazine is founded by the spirited investigative journalist, Louis Guenther, who made his reputation covering scandals in the oil industry.

Charles H. Dow, co-founder of The Wall Street Journal, dies December 4 at his home at the age of 51 of an apparent heart attack.

1904
Edward D. Jones, co-founder of The Wall Street Journal, sells the paper to Clarence Barron, a WSJ correspondent in Boston. He lets his wife run it until 1912, when he takes the helm.

1907
Nation’s Business is launched.

1916
Crain Communications is founded with the launch of Hospital Management.

1917
B.C. Forbes, a columnist for the New York American, founds Forbes magazine.

1921
On May 9, Barron’s, The National Financial Weekly, is launched with Clarence W. Barron serving as editor. The weekly initially sold for $10 per year or 20 cents a copy.

1923
On Sept. 29, Washington journalist W.M. Kiplinger issues the first The Kiplinger Washington Letter.

1925
The Kiplinger Tax letter is founded.

1928
Clarence Barron dies. His stepdaughter, Jane Bancroft, inherits The Wall Street Journal.

1929
The Business Week launches Sept. 7 just seven weeks before The Crash.

A week before the stock market crash, The Wall Street Journal’s Pacific Coast edition debuts in San Francisco and Los Angeles.

1930
Fortune magazine is founded. The first issue is published in February weighing in at more than 2 pounds and with 100 pages of advertising.

G.D. Crain creates Advertising Age. The first issue at 12 pages is published January 11 and carries stories about printers and engravers winning a five-day work week, how Pepsodent Co. and Quaker Oats were sponsors of daily radio programs and the death of Ladies' Home Journal editor Edward W. Bok. On Page One “Rough Proofs,” a column of briefs written by Copy Cub (Mr. Crain), runs down the left side of the page.

1934
The first “What’s New” column of The Wall Street Journal is written by young Barney Kilgore.

The evening edition of The Wall Street Journal is discontinued.

1935
Eric Hodgins named managing editor of Fortune magazine.

Sylvia F. Porter begins writing a periodic column in the New York Post on financial news. A year later, she becomes the financial editor and writes a daily column, “S.F. Porter says.” The paper uses her initials to hide the fact that she is a woman.

1938
The New York Financial Writers Association is founded in June with Elliott V. Bell of The New York Times serving as the group’s first president.

1941
Barney Kilgore in February takes over as managing editor of The Wall Street Journal. The publication has a circulation of 32,600.

William H. Grimes, managing editor and former Washington bureau manager, is made editor of The Wall Street Journal.

On Dec. 8, The Wall Street Journal runs its first and only page-wide banner, three-deck headline.

1942
After six years writing as S.F. Porter, the New York Post allows its noted financial columnist to use her real name as her byline, Sylvia F. Porter.

1943
Barney Kilgore is promoted to general manager of The Wall Street Journal.

1945
DePauw University graduate Barney Kilgore, 36, is named president of Dow Jones & Company.

1946
Joseph Livingston begins his economics survey that summarizes the forecasts of economists from industry, government, banking and academia. That survey, now known as the Livingston Survey, continues today.

1947
“The Kiplinger Magazine” which later become “Changing Times” and today is known as “Kiplinger’s Personal Finance Magazine,” was first published in January.

William Henry Grimes wins The Wall Street Journal’s first Pulitzer Prize. His editorials in 1946 deal with the issues of business, labor and economics.

The Wall Street Journal circulation tops 100,000.

1948
The Southwest edition of The Wall Street Journal is established.

1951

The Midwest edition of The Wall Street Journal is established.

1953
March 11, Louis Guenther, founder of Financial World, dies at the age of 78.

The Wall Street Journal eliminates its Saturday paper. The Wall Street Journal introduces its Electro-Typesetter, allowing typeset stories to be sent over telephone lines to Journal plants in Dallas, Chicago and San Francisco and eliminating retypesetting at the paper's satellite plants.

1955
Fortune publishes its first Fortune 500.

1957
James W. Michaels advances from associate managing editor to manaing editor of Forbes in May.

After two terms in the New Jersey state senate, Malcolm Forbes is defeated in the 1957 gubernatorial race by Robert Meyner, a Democrat.

1960
Sylvia Porter appears on the cover of Time magazine on November 28, 1960.

1961
James W. Michaels becomes editor of Forbes in July.

1962
A microwave transmission from The Wall Street Journal’s San Francisco plan allows the Riverside, California plant to produce the nation’s first regularly and commercially printed facsimile newspaper.

1966
Alan Abelson of Barron’s writes his first Up and Down Wall Street column.

The Wall Street Journal’s circulation surpasses 1 million.

1967
On Nov. 14, 1967, Barney Kilgore, 59, succumbs to cancer at his home in Princeton, N.J.

1968
On January 2 Reuters launched a corporate and financial news service in the United States, signaling its intention to challenge the long-entrenched Dow Jones news service.

1970
Wall Street Week begins its long run on public television, hosted by Louis Rukeyser.

Earl G. Graves launches Black Enterprise magazine.

1972
Money magazine launches in October.

On Jan. 14, William H. Grimes, former editor and managing editor of The Wall Street Journal, dies at age 79.

1973
On Dec. 15, G.D. Crain, Jr., founder of Crain Communications Inc., dies at the age of 88.

1974
Martin Mayer’s book, The Bankers, is published. It soon becomes a business journalism classic.

1975
Sylvia F. Porter’s Money Book, first published this year, will sell more than a million copies.

1976
First issue of The Asian Wall Street Journal publishes.

1978
Fortune goes from monthly to biweekly publication and adds editorial offices in Chicago, Houston and Los Angeles.

The New York Times launches its Business Day section on May 17, 1978.

Crain’s Chicago Business at 46 pages hits the newsstands on Monday, June 5 with a cover price of 50 cents and an annual subscription charge of $25.

1979
Bernard A. Goldhirsh, a former teacher and sailing enthusiast, launches Inc. magazine in April.

Steven Brill, a 28-year-old lawyer who worked as a columnist under legendary editor Clay Felker, founds American Lawyer. The magazine turns the sleepy legal press on its ear with its in-depth, in-your-face reporting style. It also become a training camp for a generation of top business journalists.

On January 22, Nightly Business Report, the first daily evening business program, premieres as a 15-minute local program on public television’s WPBT in Miami, co-anchored by the station’s news director Linda O'Bryon, managing editor Merwin Sigale and former stockbroker Paul Kangas as stock market commentator.

1980
Changing Times magazine, citing the escalating costs of producing the publication, begins accepting advertisements for the first time in its 33-year history.

On June 23, the first two-sectional The Wall Street Journal publishes.

Larry Birger launches the Business/Monday section of the Miami Herald in July, and leagues of other newspapers in the ensuing years follow suit.

Marshall Loeb takes over as managing editor of Money magazine.

Crain’s Cleveland Business is published for the first time on March 31 as a fortnightly tabloid.

1981
Financial News Network begins running 12 hours daily of business news.

Nightly Business Report goes national, airing on more than 120 U.S. public television stations.

Circulation for The Wall Street Journal exceeds 2 million.

1982
Cheryl Hall named business editor for The Dallas Morning News.

1983
On January 31, 1983 the first edition of The Wall Street Journal/Europe rolls off the presses. A snowstorm the night before knocked out power at the paper’s plant in the Netherlands and editors and press operators alike had to work by candlelight and flashlights. Norman Pearlstine was founding editor and publisher.

1984
Investor’s Daily begins weekday publication, aiming to compete directly with The Wall Street Journal.

In September Manhattan inc. publishes its first issue. The magazine combined a hip attitude with a stable of talented writers to make business topics sexy. Jane Amsterdam serves as its first editor.

1985
Crain’s Detroit Business and Crain's New York Business debut within weeks of each other.

1986
Marshall Loeb become managing editor of Fortune. In his first year, the magazine wins the National Magazine Award for general excellence.

Bernard Goldhirsh, founder of Inc. magazine, buys Dun's Review from Dun & Bradstreet.

1987
Dan Dorfman, a commentator on CNN’s Moneyline, begins to write two columns a week for USA Today.

On April 1 Dean Rotbart, a former reporter and columnist for The Wall Street Journal, launches a newsletter decidated to covering the business news profession. The Journalist and Financial Reporting (TJFR) later changes its name to the TJFR Business News Reporter.

1988
Merryle Rukeyer, whose career spanned more than 30 years, dies December 21 at the age of 91.

Jane Bryant Quinn hosts the PBS series “Take Charge!”

1989
On April 17 CNBC is launched.

Longtime financial reporter and columnist Joseph Livingston dies on Christmas Day at the age of 84.

Newsweek magazine puts Time magazine on its cover on June 26 as part of a story concerning the fight to acquire Time Inc.

1990
Manhattan inc. is acquired from owner D. Herbert Lipson and changes its name to M.

Business Month, formerly Dun's Review, which began in 1898, ceases publication Oct. 31.

1991
Personal finance columnist Sylvia Porter dies on June 5 at the age of 77. Her career spanned 56 years.

Financial News Network signs off the air for good in May 1991. FNN anchors Bill Griffeth and Sue Herera preside over the final broadcast.

1992
Cheryl Hall returns to writing as a columnist for the Dallas Morning News with “Ideas at Work.”

1993
Sheryl Hilliard Tucker is promoted to editor-in-chief of Black Enterprise, a title held by Earl G. Graves since he founded the magazine. Mr. Graves takes the titles publisher and editor.

1994
Morning Business Report with Melissa Conti is launched as a 15-minute global business and market news program.

Mandatory retirement forces Marshall Loeb to step down as managing editor of Fortune and become editor-at-large.

1995
The Washington Post’s revered columnist, Hobart Rowan, dies on April 13.

Cable News Network launched its CNN/fn sister network on December 29.

1996
Dan Dorfman is fired in January from Money magazine after a controversy surrounding his refusal to disclose his sources to his editor.

TJFR names Paul E. Steiger, managing editor of The Wall Street Journal, its first Business Journalist of the Year.

The Wall Street Journal Interactive Edition, wsj.com, is introduced on the Internet.

1997
Black Enterprise receives the FOLIO: 1996 Editorial Excellence Award for Business/Finance, winning over 370 entrants.

Jane Bryant Quinn co-hosts with Andy Tobias the PBS eight-part series “Beyond Wall Street.”

TJFR names John W. Huey, Jr., managing editor of Fortune magazine, its Business Journalist of the Year.

1998
After a 96-year run, Financial World magazine ceases publication in June.

Weekend Journal, a fourth section of the Wall Street Journal, that appears on Fridays, is launched.

On March 20, The Wall Street Journal publishes its first weekend edition.

TJFR names Neil F. Budde, founding editor of The Wall Street Journal Interactive Edition, its Business Journalist of the Year.

1999
TJFR names Bill Sing, business editor of The Los Angeles Times, its Business Journalist of the Year.

Nightly Business Report celebrates its 20th Anniversary the week of January 18, with a live broadcast from the floor of the New York Stock exchange by co-anchors Paul Kangas and Susie Gharib. The program now airs on more than 270 US public TV stations and internationally via USIA Worldnet satellite network and Armed Forces Television satellite network.

Lou Dobbs, host of Moneyline, abruptly leaves CNN on June 7.

The Wall Street Journal Sunday, an original weekly package of articles and information focused on personal finance and careers, makes its debut in 10 leading metropolitan newspapers.



Please feel free to share with us important events that you think should be included in a definitive timeline of business news in the 20th century. E-mail timeline@newsluminaries.com.


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