Ever since our sister publications FORTUNE and LIFE were born in the 1930s, the decade after our own founding, TIME has been part of an ever growing media company. And with that expansion came the challenge of being fair and honest when covering matters that could affect the business interests of the corporation that owned us.
By the end of the 1980s, those interests were becoming complex. Time Inc., which had become a public company in 1964, owned not only 24 magazines but also Little, Brown books, HBO and a growing cable system. But the journalistic principle remained simple: we should...
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