Electronic News
Encyclopedia : E : EL : ELE : Electronic News
Electronic News is an online publication that currently covers just the semiconductor production equipment industry. It was originally a weekly trade newspaper, first launched in 1957, which covered all aspects of the electronics industry including semiconductors, computers, software, communications, space and even television electronics. At one time Electronic News was the premiere weekly business newspaper covering high technology.
In 1971, the journalist Don Hoefler published a series of articles entitled "Silicon Valley, USA." This is widely thought to be the first published use of the phrase Silicon Valley to describe the area of the southern part of the San Francisco Bay area in northern California, USA, an area known for its concentration of companies making semiconductors (silicon chips).
Also in 1971, Electronic News was where Intel first advertised the Intel 4004 microprocessor, widely considered to be the first single-chip microprocessor.
A decade later, in 1981, when IBM's top-secret Project Acorn emerged as the IBM Personal Computer - the PC - the first reports were published in Electronic News in the weeks before the introduction, much to IBM's consternation.
The paper eventually grew to have a staff of three dozen full time journalists, working out of headquarters staffed by full time journalists in New York and bureaus in Boston, Washington DC, Miami/Atlanta, Dallas, San Francisco, Los Angeles, Denver, Chicago, Minneapolis and Tokyo. In addition stringers reported in from more than 100 markets around the world.
The paper was originally founded by what was then Fairchild Publications, which was later acquired by Capital Cities, which itself went on to acquire American Broadcasting Company. The publication was transferred from Fairchild to Chilton, then a division of Capital Cities/ABC, as the result of a reorganization triggered by a mistaken analysis by outside consultants hired by the company. After barely a year as part of Chilton the paper was then sold to the publishing house International Data Group. After a year of massive losses, triggered by incompetent management by executives hired by IDG away from the entertainment newspaper Variety, IDG sold the paper to an independent investor group put together by one-time Electronic News publisher Zachary Dicker. The paper was then sold to, and is currently owned by Reed Business Information part of Reed Elsevier.
Falling victim to internal political battles at Reed-Elsevier, most of the paper's staff was eventually fired. The final edition of Electronic News to be printed on paper was dated December 2, 2002. It has since that date been published exclusively online.
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