Word: nonprofit
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Dates: during 1920-1929
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...First there was a convention of the Associated Press, an organization formed a quarter-century ago by newspaper publishers, to distribute news among themselves on a nonprofit-making basis. The routine business of this gathering was to consider ways and means of expanding and expediting news distribution, to hear Secretary of State Kellogg speak on foreign relations, and to elect as officers; Frank B. Noyes (Washington Star), president; Robert R. McCormick (Chicago Tribune), first vice president; J. N. Heiskell (Little Rock, Ark., Gazette), second vice president. They reelected: Melville E. Stone (a former general manager) secretary, and Kent Cooper, able...