Hollywood has its Oscar,s and newspapers have their Pulitzer Prizes. In the world of magazines, the most prestigious honors are the National Magazine Awards. Like the Pulitzers, the National Magazine Awards are presented under the auspices of the Columbia University Graduate School of Journalism.
This year, I am very proud to report, BUSINESS WEEK has been nominated as a finalist in three separate categories. Ours is one of only 13 magazines that were nominated more than once. There were more entries than ever before: 1,270 entries from 298 different magazines.
We were selected as a finalist for general excellence among magazines with circulation over 1 million. We are represented in general excellence by the three issues shown above. Their cover stories-as well as those inside-typify the role we play every week in identifying and analyzing business news and trends-and setting the agenda for Corporate America.
The May 6 cover story "Are CEOs paid too much?" is a finalist in the public interest category. This story, by Senior Writer John A. Byrne, broke ground by exposing the growing gap between executive pay and worker pay, and between CEO pay and corporate performance. It galvanized the ongoing debate among shareholders and corporate directors that is leading to reform by many U.S. companies.
The third category where we are a finalist is single-topic issue. Our entry is the Oct. 25 bonus issue "The Quality Imperative." This comprehensive package traces the quality movement's past, present, and future and lays down what it will take to win in the global economy. More than 100 BUSINESS WEEK reporters and editors contributed to the report. The issue set a BUSINESS WEEK record for U.S. newsstand sales for a single-copy seller. And we went to press for a second and third printing to satisfy demand from businesses, libraries, and educators.
The awards, sponsored by the American Society of Magazine Editors and the Magazine Publishers Assn., will be announced on Apr. 16. We are honored to be among the finalists in these important competitions. Yes, the selections are a nice pat on the back for our talented staff around the world. But more than that, they are further evidence of BUSINESS WEEK's commitment to quality journalism.
The real winner is you, the reader.