The New York Times Founded (1851)
The New York Times, one of the most respected newspapers in the world, was actually established as The New York Daily Times in 1851 by the journalist Henry Jarvis Raymond and banker George Jones. It was a groundbreaking publication as, whilst financially accessible to the masses, it vowed to report events in an objective, factual and non-sensational way, becoming a ‘publication of record’ rather than the highly subjective American newspapers that were popular in the late 19th Century. Despite its acclaim, the high-minded nature of the newspaper meant that it was not immediately popular and was losing $1000 a week when Adolph Simon Ochs purchased it in 1896. In 1912, the paper’s comprehensive reporting on the sinking of The Titanic gripped the nation, increasing the visibility of the paper and the journalists who wrote for it. 1995 saw The New York Times being the first US paper to launch an online edition and in 1997, it began including colour photography in its daily edition.
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