The Boston Globe is the most widely-circulated daily newspaper in Boston, Massachusetts and in the greater New England region. It is the larger of the two big Boston dailies with a daily circulation of 467,745 as of September 2002. The other is the Boston Herald.
The Globe was founded in 1872 by six Boston businessmen, led by Eben Jordan , who jointly invested $150,000. The first issue was published March 4, 1872 and cost four cents. It was originally a morning daily when it began Sunday publication in 1877. In 1878, The Globe started an afternoon edition called The Boston Evening Globe, which ceased publication in 1979.
The Globe was a private company until 1973 when it went public under the name Affiliated Publications. It continued to be managed by the descendants of Charles H. Taylor, who had been hired to run the paper in 1873. In 1993, Affiliated Publications merged with The New York Times Company, publisher of The New York Times. The Globe is now a wholly-owned subsidiary of this company. The Jordan and Taylor families received substantial Times Company stock, but the last Taylor family members left management in 2000-2001.
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