The story
Founded by David Lawrence in 1929.1
Early history (1929–2011)
The Bureau of National Affairs, Inc. (BNA) was founded in 1929 by newsman David Lawrence as a subsidiary of United States Daily, now known as the U.S. News & World Report. BNA's first publication was U.S. Patent, Trademark & Copyright Reports (now United States Patent Quarterly). In 1946, Lawrence sold BNA to five of his top editors: Dean Dinwoodey, John D. Stewart, Ed Donnell, Adolph Magidson and John Taylor. The editors opened up ownership to the rest of their BNA colleagues and from 1947 until 2011, the company was owned entirely by current and former employees.
Tax Management, Inc., a subsidiary of Bloomberg BNA, was founded in 1959 by Leonard Silverstein to provide tax analysis in the form of the Tax Management Portfolios. The company has published over 500 Portfolios and now offers research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants. It offers federal, state, international tax and accounting services. Tax Management, Inc., is fully integrated into Bloomberg Industry Group and is based in Arlington, Virginia.
Recent history (2011–present)
On August 25, 2011, Bloomberg L.P announced it would purchase BNA for an estimated $990 million. The transaction closed in late September 2011 at which time Bloomberg paid $39.50 a share in cash through a tender offer to BNA's employee owners. Bloomberg purchased BNA to bolster its existing Bloomberg Government, Bloomberg Law and Bloomberg News services and integrated BNA's vast databases and deep reporting of policy into its news and online products.
In January 2014, Bloomberg BNA took over day-to-day operations of Bloomberg Law. On July 1, 2017, Bloomberg Government officially became part of Bloomberg BNA. On September 3, 2019, Bloomberg BNA changed its name to Bloomberg Industry Group.
Timeline
1926 – Publisher David Lawrence launches The United States Daily, a daily newspaper of record covering the effects of government on business.
1929 – U.S. Patent, Trademark & Copyright Reports; BNA's first publication launched March 4 (today called United States Patents Quarterly).
1933 – The United States Daily folds in the aftermath of President Franklin Roosevelt's "bank holiday;" converts into a weekly. The United States News - Law Journal launched (later U.S. Law Week, under the BNA name).
1941 – Daily Report on Price and Production Controls begins in April; it is the only privately produced publication to receive an unlimited allocation of paper during World War II.
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1947 – BNA begins operation as an employee-owned company under President Dean Dinwoodey; the National Labor Relations Board certifies the American Newspaper Guild as the bargaining agent for BNA employees (Bloomberg Industry Group employees are now covered by the Washington-Baltimore News Guild).
1959 – BNA subsidiary Tax Management, Inc. is founded.
1970 – Environment Reporter is launched eight days after the first Earth Day.
1984 - BNA acquired the legal publisher Pike & Fisher.
1993 – BNA's Health Care Publishing Division is launched.
2007 – BNA moves corporate headquarters from the West End of Washington, DC to Arlington, Virginia.
2011 – Bloomberg L.P. announces intent to purchase BNA for an estimated $990 million.
2012 – Bloomberg L.P. announces appointment of Greg McCaffery as CEO and President of Bloomberg BNA.
2014 – Bloomberg Law becomes part of Bloomberg BNA.
2017 – Bloomberg L.P. announces that Bloomberg Government will become part of Bloomberg BNA.
2019 – Bloomberg BNA announces name change to Bloomberg Industry Group.
2026 – Bloomberg Industry Group announces acquisition of Regology, the leading global regulatory intelligence platform.
From Wikipedia’s article on Bloomberg Industry Group, shared under CC BY-SA 4.0.4