Hearst Funds $1.2 Million Columbia Business Fellowships

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By: Joe Strupp

The Hearst Corporation will provide some $1.2 million in aid to business-related graduate students at Columbia University as part of a new business fellowship program, according to Columbia officials. The Hearst Fellowship in Business Journalism Program, set to begin in 2008, will include three such awards to students “in the business and economics concentration of the school’s master of arts program.”

“The goal is to attract the best qualified student for the program by removing the financial burden which might otherwise prevent him or her from attending the school,” a joint release from Columbia and Hearst stated.

“Any company that desires to provide news, information and perspective to the public must also embrace a mission: a commitment to journalistic excellence and the passionate pursuit of the truth. The Hearst Fellowship Fund at Columbia helps us stay true to this goal,” said Victor F. Ganzi, president and CEO of Hearst in a statement.

“Everyone at the journalism school is thrilled by this generous gift from Hearst Corporation,” added Nicholas Lemann, dean of the graduate school of journalism. “It represents a vote of confidence from one of the most respected news organizations, and, specifically, it will help us tremendously in educating the next generation of leaders in business journalism.”

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