"The story of the nation's business journalists for the past 100 years is also the tale of the country's business and economic history in this century," Dean Rotbart, executive editor of TJFR Group, said in a news release.
The late Mr. Crain was one of 100 people chosen as Business News Luminaries. Others included the current and former managing editors of Fortune, John Huey and Marshall Loeb; the late Malcolm Forbes; the late New York Times columnist Philip Dougherty; authors James B. Stewart and Ken Auletta; and Time Inc.'s Norman Pearlstine.
The journalists will be honored March 10 at a black-tie dinner in New York. MasterCard International is the lead sponsor of the award.