Kiplinger's Personal Finance
From Wikipedia, the free encyclopedia
Kiplinger's Personal Finance (KIP-lin-gerz) is a magazine that has been continuously published, on a monthly basis, from 1947 to the present day. It was the nation's first personal finance magazine, and prides itself on delivering "sound, unbiased advice in clear, concise language". It offers tips and tricks on managing money and achieving financial security, as well as information and practical guidance on saving, investing, planning for retirement, paying for college, and buying automobiles, homes and other major purchases.
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[edit] Founded because "times will always be changing"
W.M. Kiplinger, founder of the Kiplinger family of publications, said he founded the magazine because "The times will always be changing. Much of life and work consists of looking for the changes in advance and figuring out what to do about them." Upon initial production, the magazine was known simply as The Kiplinger Magazine, which was later changed to Changing Times, before acquiring its present name in 1991.
Much like Forbes magazine, ownership of the Kiplinger's franchise has been kept in the family. The current editor-in-chief is Knight Kiplinger, who succeeded his father, Austin H. Kiplinger.
[edit] Recent acquisition
On July 14, 2001, it was announced that Kiplinger's Personal Finance would be acquiring Individual Investor magazine. Details of the deal included Kiplinger agreeing to pay $3.5 million for the Individual Investor subscription list and Kiplinger agreeing to assume $2.6 million in debt. At the time of the acquisition, Individual Investor had 430,000 subscribers (reportedly, Kiplinger had 1,000,000 subscribers before the acquisition). [1]
