Not long after graduating college, two friends teamed up to start a news outlet by pulling what they considered to be the most interesting stories from outlets throughout the country. For those of us who get our news from blogs and social media, this sounds all too familiar. But in 1923, Briton Hadden and Henry Luce, founders of Time magazine, were on to something new.
The magazine was a hit. Their expertly aggregated, well-rounded stories appealed to a wide audience and helped create what grew into a media empire.