History
The first edition of Der Spiegel was published in Hanover on Saturday, 4 January 1947. Its release was initiated and sponsored by the British occupational administration and preceded by a magazine titled, Diese Woche (This Week), which had first been published in November 1946. After disagreements with the British, the magazine was handed over to Rudolf Augstein as chief editor, and was renamed Der Spiegel. From the first edition in January 1947, Augstein held the position of editor-in-chief, which he retained until his death on 7 November 2002.
After 1950, the magazine was owned by Rudolf Augstein and John Jahr; Jahr's share merged with Richard Gruner in 1965 to form the publishing company Gruner + Jahr. In 1969, Augstein bought out Gruner + Jahr for DM 42 million and became the sole owner of Der Spiegel. In 1971, Gruner + Jahr bought back a 25% share in the magazine. In 1974, Augstein restructured the company to make the employees shareholders. All employees with more than three years seniority were offered the opportunity to become an associate and participate in the management of the company, as well as in the profits.
Since 1952, Der Spiegel has been headquartered in its own building in the old town part of Hamburg.
Der Spiegel's circulation rose quickly. From 15,000 copies in 1947, it grew to 65,000 in 1948 and 437,000 in 1961. By the 1970s, it had reached a plateau at about 900,000 copies. When the German re-unification in 1990 made it available to a new readership in former East Germany, the circulation exceeded one million.
The magazine's influence is based on two pillars; firstly the moral authority established by investigative journalism since the early years and proven alive by several impressive scoops during the 1980s; secondly the economic power of the prolific Spiegel publishing house. Since 1988, it has produced the TV programme Spiegel TV, and further diversified during the 1990s. In 1994, Spiegel Online was launched.Among other things, Spiegel Verlag now publishes the monthly Manager Magazin.
As of 2010, Der Spiegel was employing the equivalent of 80 full-time fact checkers, which the Columbia Journalism Review called "most likely the world's largest fact checking operation".
Read more about this topic: Der Spiegel
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