11 March 1702 – the world’s first daily newspaper published
On this day in 1702 Elizabeth Mallet of Fleet Street published the first edition of the Daily Courant, the world’s first daily newspaper.
Newspapers today are having a bit of a crisis. The internet is changing the way people get their news, leaving a dwindling audience willing to pay for their daily paper. But it's probably about time the industry had a shakeup. The daily rag has had a good run – over 300 years, in fact.
Before 1695, the press was severely restricted by the Licensing of the Press Act 1662, which was passed to prevent the "frequent Abuses in printing seditious treasonable and unlicensed Bookes and Pamphlets and for regulating of Printing and Printing Presses." It also enshrined the position of the Stationers' Company in law, meaning nobody was allowed to print without their say so. And so a lot of early pamphlets and “corantos” – digests of foreign news – were printed in Amsterdam. The only real official paper was the London Gazette.
But the Act lapsed in 1695, the monopoly was broken and the press was free (ish) to print what it liked. Even so, it took a while for papers to take off. And it wasn't until this day in 1702 that Elizabeth Mallet published the first edition of The Daily Courant, the world's first daily newspaper.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The Courant was a single sheet with two columns, and adverts on the back. It carried digests of news from foreign papers, and Mallet herself (writing as a him) claimed only to provide the facts, and to let the reader make up their own minds, saying: "Nor will [the Author] take it upon himself to give any Comments or Conjectures of his own, but will relate only Matter of Fact; supposing other People to have Sense enough to make Reflections for themselves." If only that standard were maintained today.
Fittingly for the first newspaper, Mallet's premises were situated "Next door to the King's Arms Tavern by the Ditch-side near Fleet Bridge". Fleet Street had been a centre of the printing industry since William Caxton's contemporary Wynkyn de Worde set up business there in 1500.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.
Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin.
As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.
-
Pension warning: one in five don’t know how much is going into their pension
How to check your pension contributions and why it matters
By Katie Williams Published
-
50,000 power of attorney applications rejected – how to avoid common mistakes
A freedom of information request shows that thousands of lasting power of attorney (LPA) applications are rejected due to errors. We explain how to avoid mistakes and reveal tips to make the process as straightforward as possible
By Ruth Emery Published
-
31 August 1957: the Federation of Malaya declares independence from the UK
Features On this day in 1957, after ten years of preparation, the Federation of Malaya became an independent nation.
By Jasper Spires Published
-
13 April 1960: the first satellite navigation system is launched
Features On this day in 1960, Nasa sent the Transit 1B satellite into orbit to provide positioning for the US Navy’s fleet of Polaris ballistic missile submarines.
By Ben Judge Published
-
9 April 1838: National Gallery opens in Trafalgar Square
Features On this day in 1838, William Wilkins’ new National Gallery building in Trafalgar Square opened to the public.
By Ben Judge Published
-
3 March 1962: British Antarctic Territory is created
Features On this day in 1962, Britain formed the British Antarctic Territory administered from the Falkland Islands.
By Chris Carter Published
-
10 March 2000: the dotcom bubble peaks
Features Tech mania fanned by the dawning of the internet age inflated the dotcom bubble to maximum extent, on this day in 2000.
By Chris Carter Last updated
-
9 March 1776: Adam Smith publishes 'The Wealth of Nations'
Features On this day in 1776, Adam Smith, the “father of modern economics”, published his hugely influential book The Wealth of Nations.
By Ben Judge Last updated
-
8 March 1817: the New York Stock Exchange is formed
Features On this day in 1817, a group of brokers moved out of a New York coffee house to form what would become the biggest stock exchange in the world.
By Chris Carter Last updated
-
7 March 1969: Queen Elizabeth II officially opens the Victoria Line
Features On this day in 1969, Queen Elizabeth II took only her second trip on the tube to officially open the underground’s newest line – the Victoria Line.
By Ben Judge Last updated