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In page The Boston Globe:

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The Boston Globe was founded in 1872 by six Boston businessmen who jointly invested $150,000 (equivalent to $3,937,083 in 2024).[1] The founders included Eben Dyer Jordan of the Jordan Marsh department store, and Cyrus Wakefield of the Wakefield Rattan Company and namesake of the town of Wakefield, Massachusetts.[2]: 3–5  The first issue was published on March 4, 1872, and sold for four cents (equivalent to $1.05 in 2024).[1] In August 1873, Jordan hired Charles H. Taylor as temporary business manager; in December, Taylor signed a contract to be general manager of the paper for two years.[1] He would serve as the first publisher of The Boston Globe until his death in 1921, and was succeeded by four of his descendants until 1999.[citation needed]