
Time magazine was created in 1923 by Briton Hadden and Henry Luce, making it the first weekly news magazine in the United States.[2] The two had previously worked together as chairman and managing editor of the Yale Daily News and considered calling the magazine Facts.[3] Hadden was a rather carefree figure, who liked to tease Luce and saw Time as something important but also fun. That accounts for its tone, which many people still criticize as too light for serious news and more suited to its heavy coverage of celebrities (including politicians), the entertainment industry, and pop culture. It set out to tell the news through people, and for many decades the magazine's cover was of a single person. The first issue of Time was published on March 2, 1923, featuring on its cover Joseph G. Cannon, the retired Speaker of the United States House of Representatives; a facsimile reprint of Issue No. 1, including all of the articles and advertisements contained in the original, was included with copies of the February 28, 1938 issue as a commemoration of the magazine's 15th anniversary.[4] On Hadden's death in 1929, Luce became the dominant man at Time and a major figure in the history of 20th-century media. According to Time Inc.: The Intimate History of a Publishing Enterprise 1972–2004 by Robert Elson, "Roy Edward Larsen […] was to play a role second only to Luce's in the development of Time Inc." In his book, The March of Time, 1935–1951, Raymond Fielding also noted that Larsen was "originally circulation manager and then general manager of Time, later publisher of Life, for many years president of Time, Inc., and in the long history of the corporation the most influential and important figure after Luce."Around the time they were raising US$100,000 from rich Yale alumni like Henry P. Davison, partner of J.P. Morgan & Co., publicity man Martin Egan and J.P. Morgan & Co. banker Dwight Morrow, Henry Luce and Briton Hadden hired Larsen in 1922 – although Larsen was a Harvard graduate and Luce and Hadden were Yale graduates. After Hadden died in 1929, Larsen purchased 550 shares of Time Inc., using money he obtained from selling RKO stock which he had inherited from his father, who was the head of the B.F. Keith theatre chain in New England. However, after Briton Hadden's death, the largest Time Inc. stockholder was Henry Luce, who ruled the media conglomerate in an autocratic fashion, "at his right hand was Larsen," Time Inc.'s second-largest stockholder, according to "Time Inc.: The Intimate History of a Publishing Enterprise 1923–1941". In 1929, Roy Larsen was also named a Time Inc. director and a Time Inc. vice-president. J.P. Morgan retained a certain control through two directorates and a share of stocks, both over Time and Fortune. Other shareholders were Brown Brothers W. A. Harriman & Co., and The New York Trust Company (Standard Oil).By the time of Henry Luce's death in 1967, the Time Inc. stock which Luce owned was worth about US$109 million and yielded him a yearly dividend income of more than US$2.4 million, according to The World of Time Inc: The Intimate History Of A Changing Enterprise 1960–1989 by Curtis Prendergast. The value of the Larsen family's Time Inc. stock was now worth about $80 million during the 1960s and Roy Larsen was both a Time Inc. director and the chairman of its Executive Committee, before serving as Time Inc.'s vice-chairman of the board until the middle of 1979. According to the September 10, 1979 issue of The New York Times, "Mr. Larsen was the only employee in the company's history given an exemption from its policy of mandatory retirement at age 65."After Time magazine began publishing its weekly issues in March 1923, Roy Larsen was able to increase its circulation by utilizing U.S. radio and movie theaters around the world. It often promoted both "Time" magazine and U.S. political and corporate interests. According to The March of Time, as early as 1924, Larsen had brought Time into the infant radio business with the broadcast of a 15-minute sustaining quiz show entitled Pop Question which survived until 1925." Then, according to the same book, "In 1928 […] Larsen undertook the weekly broadcast of a 10-minute programme series of brief news summaries, drawn from current issues of Time magazine […] which was originally broadcast over 33 stations throughout the United States."Larsen next arranged for a 30-minute radio programme, The March of Time, to be broadcast over CBS, beginning on March 6, 1931. Each week, the programme presented a dramatisation of the week's news for its listeners, thus Time magazine itself was brought "to the attention of millions previously unaware of its existence," according to Time Inc.: The Intimate History Of A Publishing Enterprise 1923–1941, leading to an increased circulation of the magazine during the 1930s. Between 1931 and 1937, Larsen's The March of Time radio programme was broadcast over CBS radio and between 1937 and 1945 it was broadcast over NBC radio – except for the 1939 to 1941 period when it was not aired. People Magazine was based on Time's People page.Time became part of Time Warner in 1989 when Warner Communications and Time, Inc. merged. Jason McManus succeeded Henry Grunwald in 1988 as Editor-in-Chief and oversaw the transition before Norman Pearlstine succeeded him in 1995.[edit] 2000sSince 2000, the magazine has been part of AOL Time Warner, which subsequently reverted to the name Time Warner in 2003.In 2007, Time moved from a Monday subscription/newsstand delivery to a schedule where the magazine goes on sale Fridays, and is delivered to subscribers on Saturday. The magazine actually began in 1923 with Friday publication.During early 2007, the year's first issue was delayed for approximately a week due to "editorial changes." The changes included the job losses of 49 employees.[5]In 2009, Time announced that they were introducing a personalised print magazine, Mine, mixing content from a range of Time Warner publications based on the reader's preferences. The new magazine met with a poor reception, with criticism that its focus was too broad to be truly personal.[6]
The discussion in this paper began by tracing the origins of the definition of marketing, schools of marketing and the market orientation construct, research on a market orientation was the characterized into one of three groups: (1) research revisiting scale properties; (2)research applying original scales to different contexts; and (3) research examining the antecedents and consequences of following a market orientation. The discussion them moved on to provide reasons why existing market orientation scales are deficient in explaining the behavior of firms operating in today’s environment. A conclusion of this paper is to encourage researchers to revisit what it means to be market oriented using the 2004 AMA definition of marketing and the emerging stakeholder school of marketing thought to develop scales accordingly. One advantage of developing a new scale or scales is that we will be better placed to understand the antecedents and consequences of market driven and driving market firms operating in macro environment where the importance of stakeholders has become paramount. Stakes Rising In Cyber Manhunt CBS/AP) If he were still around, Wild West outlaw Jesse James might feel like small fry by comparison. The creators of the LovSan/Blaster worm and the SoBig virus have large bounties out for their arrest - rewards to be posted Wednesday at an unusual joint news conference being held in Washington by the FBI, the Secret Service, Interpol and Microsoft Corporation. CBS News has confirmed that Microsoft will be providing the reward money for information leading to the apprehension and conviction of the still unidentified creators of the LovSan/Blaster worm and the SoBig virus: reportedly $250,000 in each case. There was an arrest last August in a related case - Jeffrey Parson, 18, of Hopkins, Minn. - but he is not accused of being the original creator of Blaster, which is also known as LovSan and MSBlast. Parson, whose trial is scheduled to begin Nov. 17 in Seattle, has pleaded not guilty to crippling over 7,000 computers by modifying Blaster and then unleashing it into cyberspace. If convicted, Parson could be sentenced to as much as ten years in prison, plus fines. In September, federal authorities in Seattle revealed they had made a second arrest - of an individual whose name is being withheld because the suspect is a juvenile. The crime is the same as Parson: making a variant of Blaster, called "RPCSDBOT," and then distributing it along with its harmful effects. Various versions of the Blaster worm snarled computer networks around the world beginning last August, affecting over a million computers. Just as computer users were recovering from Blaster, they got hit only days later by the equally hated SoBig virus, which clogged e-mail in-boxes with a ferocity that caused trouble for both networks and individuals. The rewards being posted by Microsoft represent a new tactic by the software giant, which was specifically targeted by the creator of Blaster. The computer worm exploited a security flaw in Microsoft Windows - which was subsequently repaired, with a patch available for download, although many computer users and networks got zapped regardless when they failed to download the patch. The worm came with two messages: "I just want to say LOVE YOU SAN" and "Billy Gates, why do you make this possible? Stop making money and fix your software!" Even before 2003's many worms and viruses were unleashed on millions worldwide - Microsoft had begun a new campaign to improve computer security, to protect its flagship product, Windows, and convince consumers that it is safe. "New security risks have emerged on a scale that few in our industry fully anticipated," said Gates, Microsoft chairman, in a January e-mail launching the company's campaign, pointing to estimates that hackers and other electronic attacks caused $455 million in damage to various companies in the year 2001. At that time, Gates pointed to passwords as the weak link, and said Microsoft will increase its support for their replacement by smart cards, which employ other methods including random numbers to identify authorized users. This year's harvest of cyber crime has not gone unnoticed in Washington. Amit Yoran, a vice president from the anti-virus company Symantec, was chosen in mid-September to be the cyber security chief at the Department of Homeland Security. His mission is strengthening computer networks and convincing Americans to improve their defenses against hackers, disgruntled employees, commercial rivals and foreign governments. At the same time, the Department announced plans to establish a new Computer Emergency Response Center for Cyber Security. The Center, working with experts at Carnegie Mello University, is charged with protecting against, and responding to, cyber attacks. It's hoped that by the end of the year, the Center will be able to reduce response time to cyber attacks to just 30 minutes.
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