Moses Louis Annenberg, publisher of the Philadelphia Inquirer

During a 40-year period beginning in 1880, the newspaper underwent many changes which resulted from industrialization. By 1920, the newspaper industry had become consumer-oriented and dominated by businessmen-publishers, less interested in disseminating news than making a profit. One of the businessmen-publishers was Moses Louis Annenberg, who in 1936 purchased the struggling Philadelphia Inquirer and tranformed it into a sound profitable operation.