Fortune (magazine)

Fortune is an American magazine published every 14 days.

History

It was published in 1930 by Time founder Henry Luce. Within four months after the outbreak of the Great Depression, the first issues were sold for a dollar, while a copy of the New York Times cost 5 cents. However, the first edition had 30,000 beneficiaries with 184 pages.

Unlike the competition, the printed statistical data and facts as black and white publication, Luce tried to present the Great Depression from the perspective of social conscience. Fortune gave a new insight into agricultural and industrial economy. The magazine was also known for her photographs, for example, they presented the works of Margaret Bourke-White. Moreover, were the ads and the envelope in color.

Today Fortune is valid according to the Forbes Magazine as the second oldest business magazine of the United States. The magazine is part of the media conglomerate Time Inc., a subsidiary of Time Warner. It is published every 14 days with a circulation of approximately 850,000 magazines.

Fortune is known for a number of rankings that the sheet published annually: Fortune 500 and Fortune 1000 list the most actively traded U.S. companies, the Fortune Global 500 largest companies worldwide.

A major competitor is the Forbes Magazine, establishes the similar rankings on issues from economic life.

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