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- Biography | Charlie Munger — The Daily Journal He Steered for Decades
Biography | Charlie Munger — The Daily Journal He Steered for Decades
· 1977
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Biography | Charlie Munger — The Daily Journal He Steered for Decades
kevin
Charlie Munger acquired control of the Daily Journal Corporation in 1977 through the New America Fund.
The purchase price was $2.5 million.
The company published legal newspapers centered on the Los Angeles Daily Journal, a paper that had covered court proceedings since 1888.
Munger became chairman and steered the business for more than four decades.
Under his direction the firm later added court-case-management software, turning a traditional newspaper operation into a dual publishing-and-technology company.
The headquarters at 915 East First Street in Los Angeles remained the operational base.
He stayed a director until his death in November 2023.
The building still stands in the industrial district east of downtown Los Angeles.
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