Our History
Over the course of our history, we’ve continually adapted to meet our readers where they are, and with the information they need to drive industries forward. That same agility, together with our commitment to connecting professionals, will pave the way for our future.
OUR FOUNDERS
G.D. CRAIN JR.
Gustavus Dedman (G.D.) Crain Jr. was a man of great drive and enthusiasm. Speaking of his first business venture, as a young boy selling newspapers in Louisville, Kentucky, he says, “I started my business career with a capital of five cents… and returned home a couple of hours later with a 100% increase in capital.” He never looked back.
As a young business paper correspondent, G.D.Crain learned that “there was no substitute for personal contact with the people I was writing about.” He later extended this lesson to advertisers and their audiences, becoming one of the first to stress the importance of market research.
In February 1916, at the age of 30, Mr. Crainstarted his first publication,Hospital Management, with just $10,000 and one employee. He started his second publication,Class, a month later to reach business-to-business marketing professionals. Mr. Crainwould continue to grow the Crain Publishing Co. through the Great Depression, World War II and many other turbulent timeswith an innovative approach to business-to-business publications and an entrepreneurial spirit that stayed with him until his passing in 1973.
Mr. Crain’s publishing philosophy was simple: Find an area where there was a real information need, then “put the reader first from the first day.” A centuryafter his first publication, the company that bears his name continues to grow by staying true to the tenets upon which Ƶ was founded.
GERTRUDE CRAIN
Gertrude Ramsay Crain viewed herself as “the keeper of the flame” after she succeeded her husband, G.D. Crain Jr., as chairman of Ƶ.But she was so much more. Gertrude Crain led the company, founded by Mr. Crain 100 years ago, during some of its most exciting and productive years.
During her tenure, Crain boughtModern HealthcareԻRubber & Plastics News, started such publications asCrain’s Chicago Business(and similar papers in Detroit, Cleveland and New York) andInvestment News, and expanded internationally.Crain’s revenue during that period increased tenfold, and the company’s titles went from a handful to over two dozen.
Above all, Gertrude Crain was the one who made the Crain family company a real family. She laughed with Crain employees, she cried with them, and she celebrated the milestones of their lives with them.When Gertrude Crain passed away in 1996 at the age of 85,Advertising Agesaid her “smile warmed hearts, lit up rooms, lifted spirits.”
CRAIN TIMELINE
- 1880s – 1910s
Photo: First issue ofHospital Management, Crain’s first publication, Feb. 1916
November 18, 1885Gustavus Dedman Crain Jr. (G.D. Crain Jr.) is born in north central Kentucky. As a young boy, Crain begins his career as a newspaper delivery boy. As he gets older, he works as a correspondent at the Louisville Herald and the Courier-Journal, as well as the Western Underwriter. In 1970, during an interview for the 40th anniversary of Advertising Age, Crain admitted, “I always wanted to be a publisher.”
1916 At age 30, G.D. Crain focuses his attention on starting his own publishing company in Louisville, Ky. Hospital Management debuts in February, and Crain’s Business Publishing Company is born. Class debuts in March as the company’s second magazine. Within both publications, Crain stresses the importance of effective advertising and market research. The company’s staff consisted only of a secretary, and Mr. Crain himself, making him solely in charge of the editorial and advertising departments.
Later that year, Crain moves his company to Chicago.
- 1920s – 1950s
First issue of Advertising Age – 1930
1920s G.D. Crain and his friend and colleague Keith J. Evans establish the National Industrial Advertisers Association (NIAA), now The Association of Industrial Advertisers.
1921 The spinoff of Class, Crain’s Market Data Book and Directory of Class, Trade and Technical Publications,is published and begins the tradition of Crain publishing directories.
1930 G.D. Crain launchesAdvertising Age in Chicago less than two months after “Black Tuesday”.
1950s Crain moves his publications company to 200 E. Illinois Street and opens offices in New York and Washington, D.C. With both of their sons now in school, Gertrude Crain begins to have a larger role in the company.
- 1960s
1964 G.D. Crain assumes the position of company chairman, while Sid Bernstein is named president and publisher of Advertising Age.
October 1967 Business Insurance debuts as an idea Crain has wanted to produce for almost 50 years. Alfred Malecki becomes the magazine’s first advertising director and publisher, a position he held from 1970 till 1991. Unlike most publications of its kind, Business Insurance is aimed at informing the buyer of business insurance instead of the seller. Rance Crain becomes the first editor of the magazine.
Late 1968 Crain makes the purchase of Chicago-based American Trade Magazines, which includes American Drycleaner and American Laundry Digest. Later, American Coin-Op and American Clean Carare added. This is the company ‘s first purchase of magazines.
1969 New technology is introduced with the first computer purchased and installed within Crain for use in the circulation department, where key-punched cards are fed into the computer to output address labels.
July 1969 The company’s name changes from Advertising Publications Inc. to Ƶ Inc to reflect the company’s growing diversity.
- 1970s
1973 Pensions & Investments launches its first issue.
December 1973 G.D. Crain Jr. passes away at the age of 88.
1974Gertrude Crain named chairperson.
1975 G.D. Crain is inducted into the Advertising Hall of Fame.
1976 McGraw-Hill sells Modern Healthcare to Ƶ Inc, and Charles Lauer is hired as its publisher and advertising director.
1976 Automotive News hosts its first World Congress.
1977 Ƶ Inc purchases AutoWeek as a companion to Automotive News. It soon becomes Crain’s largest circulation publication, a distinction that holds true for the company today.
- 1980s
January 1980 The 50th anniversary issue of Advertising Age runs.
March 1980 Crain’s Cleveland Business debuts.
April 1983 Tire Business launches as an extension of Rubber & Plastics News, headquartered in Akron, Ohio, with Ernie Zielasko as the magazine’s editor and publisher.
1984 Urethanes Technology launches as a news source for the international polyurethane industry. It is based in the company’s London office.
January 1984 Ƶ Inc’s newly owned Monthly Detroit hits newsstands. In 1988, Crain buys and folds Metropolitan Detroit, the magazine’s major competitor. Monthly Detroit is changed to Detroit Monthly in 1986 with the slogan, “Now we’re literally putting Detroit first.”
January 1985 Crain’s New York Business arrives off the presses. Following the tradition he had begun with Crain’s Chicago Business, Rance Crain passes out free first issues of the magazine during Midtown Manhattan rush hour.
February 1985 Crain’s Detroit Business launches, with Keith Crain as publisher and Peter Brown as editor.
September 1986 The magazine Creativity is introduced as a monthly addition toAdvertising Age.
December 1987 Thirty-nineradio stations across the country, including WMAQ-AM Chicago and WXYT-AM Detroit, began running “Crain’s Business Report,” a weekly half-hour radio program composedof reports from Crain publications.
March 1989 Plastics News launches from Akron, Ohio, as a magazine dedicated to covering the global plastics industry.
- 1990s
January 1990 Pensions & Investment Age returns to its old name, Pensions & Investments.
1992 Gertrude Crain becomes the first woman to be inducted into the Junior Achievement of Chicago Business Hall of Fame.
July 1992 Ƶ Inc purchases RCR (Radio Communications Report), a news source focused on the growing wireless industry.
May 29, 1993 After 71 years at Ƶ Inc, Sidney Bernstein dies.
1995 Ƶ Inc’s first publication website is launched with adage.com.
May 1995 Waste News is launched as Ƶ Inc’s 26th publication.
February 1996 The new London-based Automotive News Europe is launched.
July 1996 Gertrude Crain passes away.
1997Keith Crain named chairman.
1998 Ƶ Inc purchases its 30th publication, Automotive International, which is later folded into Automotive News.
January 1998 lnvestmentNews begins as a national newspaper for financial advisers.
February 1998 Ƶ Inc launches its corporate website, www.crain.com.
March 1998 Gertrude Crain is inducted into the Advertising Hall of Fame. Her sons, Rance and Keith Crain, accepted the award on her behalf.
May 1998 After serving as vice president/group publisher since 1989, Gloria Scoby is named senior vice president/group publisher.
August 1999 The New York office moves to 711 Third Avenue in midtown after nearly 20 years in the Daily News Building on 42nd Street.
- 2000s
March 2000 Business Marketing, Crain’s oldest magazine,changes its design and name to BtoB.
June 2000 Crain begins taking electronic ad files on a centralized server via the company’s production new media department.
September 2000 Two Crain publications change their designs and names. RCA changes to RCA Wireless News, and Advertising Age International becomes AdAge Global.
January 2001 Crain acquires itsfirst non-English language periodicals El Asesor de Mexico and El Asesor de Monterrey,increasing the company’s regional business publications to six titles.
September 2001 Crain launches its first German automotive publication, Automobilwoche, becoming the company’s third non-English language periodical.
March 2002 Crain’s New York Business releases the company ‘s first digital edition, provided to select subscribers in PDF format.
July 2002 Crain adds the human resource periodical Workforce to itslist of publications. A year later the name is changed to Workforce Management.
November 2004 Crain acquires American Demographics magazine, publishing it as a feature within Advertising Age and adage.com.
March2007KC Crain named Publisher of Autoweek.
April2008Keith Crain inducted into Michigan Journalism Hall of Fame.
May2008KC Crain named VP of Ƶ.
November2008Crain acquires Staffing Industry Analysts, Inc., provider of research, data and analysis covering the contingent workforce.
November2008Automotive News Today launches, a 3-minute online newscast.
2009Waste News changes its name to Waste & Recycling News
- 2010s
June 2010Crain closes Crain’s Manchester Business.
June 2010KC Crain named VP/Group Publisher.
2010Rance Crain inducted into Direct Marketing Association Hall of Fame.
2013Rance Crain inducted into Advertising Hall of Fame.
June2013Chris Crain named EVP, Director of Strategic Operations.
June2013Chris Battaglia named Group Publisher.
October2013BtoB merges with Advertising Age.
October 2013 David Klein named Senior Vice President and Group Publisher
July 2014Keith Crain inducted into Automotive Hall of Fame.
November 2015Crain launches daily digital business newsletters in nine new markets including Boston, Dallas, Houston, Atlanta, Los Angeles, Silicon Valley, San Francisco, Washington, D.C. and Philadelphia.
February 2016 Crain celebrates its 100th anniversary, launches redesigned website,crain.com.
July2017Rance Crain retires after 57 years with the company. KC Crain named President and COO. Chris Crain named Senior Executive Vice President.
October 2017 Advertising Age rebrands to Ad Age.
August 2018Crain sells InvestmentNews to Bonhill Financial Services.
September 2019 Crain acquires digital brand GenomeWeb.
October 2019 Crain sells Autoweek to Hearst Autos, a division of Hearst Magazines.
- 2020 – Present
January 2020 Crain launches Sustainable Plastics as part of the Global Polymer Group.
November 2020 KC Crain named Chief Executive Officer.
September 2021 Crain acquires cannabis financial news brand Green Market Report.
October 2021 Modern Healthcare launches Digital Health Business & Technology, a digital media brand that covers the latest news, data and insights on all aspects of digital healthcare technologies.
October 2021 Chrissy Taylor joins Automotive News as Vice President of Editorial Operations.
January 2022 Crain acquires Kneed Media, parent company of The Journal of Precision Medicine and Precision Medicine Leaders Summit.
February 2022 Crain invests in Front Office Sports, KC Crain joins FOS Board of Directors.
March 2022 Chicago office moves to One Two Pru.
April 2022 Jennifer Ablan joins Pensions & Investments as Editor-in-Chief, Chief Content Officer.
June 2022 Dan Peres promoted to President of Ad Age.
July 2022 Ƶurrency, a new brand focused on building and maintaining generational wealth, is launched.
July 2022 Chris Taylor joins Crain as Vice President, General Manager of Global Polymer Group.
August 2022 Green Market Report grows editorial and business teams.
August 2022 Crain acquires Grand Rapids Business Journal.
December 2022 Crain acquires MiBiz and outlines new Grand Rapids strategy.
December 2022 Nikki Pirrello promoted to President and Publisher of Pensions & Investments.
January 2023 Dan Peres named Publisher of Modern Healthcare.
April 2023 Crain’s Grand Rapids Business debuts in West Michigan. Read more here.
September 2023 Crain partners with Michigan State University on Ignite the Future. Read more here.