The first issue of WSJ. Magazine debuted on Saturday, September 6, 2008, just as the country was descending into financial crisis. America’s jobless rate had spiked to a five-year high; in a little over a week, Lehman Brothers would file for bankruptcy, sending markets into a downward tumble. Even as the Great Recession dawned, the Wall Street Journal’s new owner, Rupert Murdoch, and its managing editor at the time, Robert Thomson, forged ahead with the launch of a glossy magazine. It was a gamble that in such economically deflated times readers would make room in their media diets for a new publication, one bold enough...

Source: Wall Street Journal August 23, 2018 15:07 UTC