NewsBank Inc.
Formation1972
FounderJohn Naisbitt
Merger ofReadex
TypeCorporation
Legal statusActive
HeadquartersNaples, Florida, United States
Region
United States
Canada
ServicesNews database and educational archive resource
Official language
English
President and CEO
Dan Jones
Websitenewsbank.com

NewsBank Inc. is a US-based commercial company that operates a news database resource that provides archives of media publications as reference materials to libraries.

History

John Naisbitt, the author of the book Megatrends, founded NewsBank.[1] The company was launched in 1972.[2] NewsBank was bought from Naisbitt by Daniel S. Jones, who subsequently became its president.[1][2] Naisbitt left NewsBank in 1973.[3] In 1983, NewsBank acquired Readex.[4][5] With the completion of the merger, NewsBank had acquired one of the earliest organizations in America to archive microform.[4][5]

In 1986, NewsBank had one hundred employees in-house.[1] Another one hundred employees worked from home and traveled to the company's headquarters, bringing back newspapers to their residence from there, and then coming back to the company with indexed information on these publications.[1] The company's headquarters in 1986 was in New Canaan, Connecticut.[6]

Chris Andrews was brought on in 1986 as product manager for CD-ROM.[1] His job was to help the company transition from a paper format of delivery to libraries, so that its indexes and full-text articles were available in CD-ROM format.[7] The subscription price for this service initially was US$5,000 per library.[7] Visitors to libraries found that their search time was cut from 30 minutes using paper indexes to five minutes using CD-ROM.[7] NewsBank used an arbitrary selection process for determining which news articles the company considered worthy for archiving; it based their selection on articles that were more likely to be widely appealing to a larger potential audience of future researchers, not simply stories of regional interest.[3]

In 1992, NewsBank had difficulty providing its users with a method to search for information based upon a specific location. Newspaper results were listed by subject matter first and then subsequently by location. At the time, it indexed articles via microfiche from more than 400 media publications in the United States.[8] The company announced in 1993 a CD-ROM product indexing full text of 35 publications including The Christian Science Monitor, The Washington Post, Los Angeles Times, The Dallas Morning News, Chicago Tribune, The Boston Globe, and The Atlanta Journal-Constitution.[9]

In 1994, NewsBank was the only company providing researchers access to an index to periodical literature in the subject of theater with its NewsBank's Review of the Arts: Performing Arts on CD-ROM.[10] NewsBank started compiling the full text of articles related to the local economy of geographic areas and providing this information via CD-ROM to its clients in 1994.[11] The privately held company was cited by The Information Advisor as bringing in annual revenue of approximately $19 million, and employing a staff of 350 people.[11] By 1998, NewsBank provided indexes via CD-ROM to newspaper articles from over 450 cities in the United States.[12]

In 2001, NewsBank compiled the Foreign Broadcast Information Service index and made it available via CD-ROM.[13] NewsBank joined forces with Micromedia, Ltd., a division of IHS Canada, to help distribute its products in 2001.[14] In 2004 NewsBank maintained archival access to hundreds of media references since 1996.[15] In 2005, NewsBank was structured in a pay-for-use format, with access differentiated for different types of users including public libraries, public schools, as well as higher education settings.[16]

NewsBank reached an agreement in 2011 with The Daily Northwestern newspaper of Northwestern University to archive all of its historical publications.[17] The task archived more than 90,000 pages of material from the school.[17] It included a plan to archive not just The Daily Northwestern but also prior related publications from 1871 to 2000, and index the material so it could be keyword searchable on the Internet.[17] Dan Jones, President and CEO of NewsBank, had a prior relationship with the university, serving as a university trustee and president-elect of the Northwestern Alumni Association.[17]

In 2013, NewsBank provided users with its service Access World News, which Reference Skills for the School Librarian called the "world's largest full-text news database".[18] According to the book Communication and Language Analysis in the Public Sphere, in 2014 NewsBank contained "over 990 news sources, with each state in the U.S. represented, as well as national publications, television and radio programs."[19]

NewsBank's offerings include a Black Life in America archive.[20]

Reception

The 2004 book Reference Sources in History by Ronald H. Fritze, Brian E. Coutts, and Louis Andrew Vyhnanek wrote that: "NewsBank is one of the world's largest information providers."[4] In her book Journalism: A Guide to the Reference Literature (2004), Jo A. Cates said: "NewsBank is a massive database, the NewsFile Collection alone providing access to full text articles in more than 500 newspapers, wire services, and broadcasts."[21] The 2013 book Reference Skills for the School Librarian by authors Ann Marlow Riedling, Loretta Shake, and Cynthia Houston called NewsBank a "popular indexing series".[18] They pointed out that NewsBank provided access to "an easy-to-search database of articles, activities, and lesson plans for the elementary and middle grades, covering key issues and events in every subject area."[18]

See also

Notes

  1. 1 2 3 4 5 Andrews 1998, p. 17.
  2. 1 2 "Company Overview of NewsBank, Inc". BloombergBusiness. October 3, 2015. Archived from the original on October 3, 2015. Retrieved October 3, 2015.
  3. 1 2 McClellan 1987, p. 87.
  4. 1 2 3 Fritze 2004, pp. 107–108; 291.
  5. 1 2 "Newsbank". Newspapers.com. 22 October 2000. Retrieved 2021-07-22.
  6. ↑ Andrews 1998, p. 18.
  7. 1 2 3 Andrews 1998, p. 19.
  8. ↑ Anderson 1992, pp. 135–137.
  9. ↑ "Full-text newspaper collections". Information Today. May 1, 1993.
  10. ↑ Sheehy 1994, pp. 158–160.
  11. 1 2 "Searching business news on CD-ROM: Business NewsBank Plus vs. Business Dateline". The Information Advisor. January 1, 1994.
  12. ↑ "Research papers can be breeze". Post-Tribune. September 18, 1998.
  13. ↑ Sears 2001, p. 40.
  14. ↑ "Micromedia, Ltd. Partners with NewsBank, Books24x7.Com". Information Today. March 1, 2001.
  15. ↑ Martirosyan 2004, p. 160.
  16. ↑ Martin 2005, pp. 36–37.
  17. 1 2 3 4 Leopold, Wendy (June 14, 2011). "130 years of Daily Northwestern". State News Service.
  18. 1 2 3 Riedling 2013, p. 93.
  19. ↑ Hart 2014, p. 41.
  20. ↑ "Black Life in America". 30 November 2020.
  21. ↑ Cates 2004, pp. 82–83.

References

  • Anderson, Byron (1992). Library Services for Career Planning, Job Searching and Employment Opportunities. Routledge. pp. 135–137. ISBN 978-1560243038.
  • Andrews, Chris (1998). The Education of a CD-ROM Publisher: An Insider's History of Electronic Publishing. Information Today Inc. ISBN 978-0966458619.
  • Cates, Jo A. (2004). Journalism: A Guide to the Reference Literature. Reference Sources in the Humanities. Libraries Unlimited. pp. 82–83. ISBN 978-1591580614.
  • Fritze, Ronald H.; Brian E. Coutts; Louis Andrew Vyhnanek (2004). Reference Sources in History. ABC-CLIO. pp. 107–108, 291. ISBN 978-0874368833.
  • Hart, Roderick P. (2014). Communication and Language Analysis in the Public Sphere. Advances in Linguistics and Communication Studies. IGI Global. p. 41. ISBN 978-1466650039.
  • Martin, Mary (2005). Local and Regional Government Information. Greenwood. pp. 36–37. ISBN 978-1573564120.
  • Martirosyan, Tigran; Silvia Maretti (2004). Scholars' Guide to Washington, D.C. for Central Asian and Caucasus Studies. Studies of Central Asia and the Caucasus. p. 160. ISBN 978-0765615794.
  • McClellan, Keith (1987). EAPs and the Information Revolution. Employee Assistance Quarterly. ISBN 978-0866566063.
  • Riedling, Ann Marlow; Loretta Shake; Cynthia Houston (2013). Reference Skills for the School Librarian. Linworth. p. 93. ISBN 978-1586835286.
  • Sears, Jean L.; Marilyn K. Mood (2001). Using Government Information Sources. Greenwood. p. 40. ISBN 978-1573562881.
  • Sheehy, Carolyn A. (1994). Managing Performing Arts Collections in Academic and Public Libraries. Libraries Unlimited Library Management Collection. Libraries Unlimited. pp. 158–160. ISBN 978-0313279768.

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