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Updated Aug 2, 2014 - 3:28 pm

Business journalism bureau to open at ASU Cronkite School

PHOENIX -- Thanks to a $1 million grant from the Donald W. Reynolds Foundation, Arizona State University's Walter Cronkite School is about to make history.

Opening in January, the Donald W. Reynolds Business Reporting Bureau, it will be the "only university-based newsroom in the country that produces daily business and economic coverage for regional and national media outlets," according to the Phoenix Business Journal. Cronkite News Service will distribute the bureau's news.

The Cronkite School will also bring on board "a prominent business journalist" to direct the bureau, as well as lead business coverage in the summer for the Carnegie-Knight News21 program.

The Reynolds Foundation was founded in 1954 in memory of media entrepreneur and philanthropist Donald Worthington Reynolds.

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