Boston Globe

6 Pages 1609 Words

The Boston Globe was founded in 1872 by a group of six Boston businessmen led by Eden Jordan Marsh, founder of Jordan Marsh retail stores. Together, the six men invested $150,000 to buy the paper. On March 4, 1872, the first issue of the Boston Globe was published and sold for four cents per paper. In 1873, the Boston Globe found itself in some financial difficulties, and Jordan brought in Charles H. Taylor as a temporary business manger to improve the paper’s financial health and stability. At only 27 years of age, Taylor was a Civil War veteran, staff member and printer of the Boston Traveler, and stringer for The New York Tribune. As a reward for Taylor’s success and loyalty for improving the once struggling newspaper, Jordan, who was the only remaining investor, gave Taylor the title of partner. Soon after being named as a partner, Charles H. Taylor was named president of the Boston Globe. When Taylor passed away in 1921, his son William O. Taylor took over his father’s role as president. The current president of the Boston Globe is Benjamin B. Taylor, who is a cousin of William O. and great-grandson of Charles H. Taylor. For the last 125 years, the president of the newspaper has been a member of the Taylor family.
After being solely a daily, morning paper, in 1877 the Boston Globe started a Sunday publication. Only one year later in 1878, the Boston Globe started distributing an afternoon paper called The Boston Evening Globe, which lasted 100 years and ended its publication in 1979. The Globe’s main hub of operations is located in Dorchester, a section of Boston. Dorchester has been its home since 1958, when it moved from “Newspaper Row” on Washington Street, which at the time was the street address of many of Boston’s Newspapers. After being a private company for its entire existence, The Boston Globe became a subsidiary of Affiliated Publications in 1973. On October 1, 1993, The Boston Globe and A...