Founded by former business reporter G.D. Crain Jr. in 1916, Crain Communications Inc. — parent company of Pensions & Investments — went to a New York business landmark to mark the company's 100th anniversary.
President Rance Crain led a group of family members, editors and publishers at the Nasdaq's Times Square building in New York to ring the closing bell last month.
“We aren't contemplating going public, but ringing the closing bell is a great recognition of our company's special place in the marketplace and recognition as a company that is widely admired. I was very proud to participate and to show off our great people,” Mr. Crain said. “My father always believed in putting the reader first, and that basic philosophy has stood the test of time.”
P&I Publisher Chris J. Battaglia, who attended the ceremony May 12, called it a “great thrill.”
“The Crain family celebrates 100 years of excellence serving the information needs of business professionals in many of the most important economic sectors critical to the global economy, and Nasdaq provided a most suitable backdrop to be recognized on our special anniversary,” Mr. Battaglia said.
For Mr. Crain, the 100 years of longevity as a family-owned company means “we are providing a valuable service to our readers and advertisers, one that endures in good times and bad and through the disruptions that have rocked the media industry. Our 100th also means that we have been able to provide satisfying and challenging jobs to our people and also be a fun place to work, where we treat each other with respect and a feeling of camaraderie.”
Crain Communications, headquartered in Detroit, includes 22 brands and has more than 800 employees located around the world.